Downstream Enterprises Purchased at Low Prices Mid-Week, Spot Premiums Rose WoW [SMM Ningbo Spot Weekly Review]

Published: Jun 12, 2026 15:28

Save

[Downstream enterprises locked in prices on dips mid-week; spot premiums rose WoW]: This week, spot premiums in Ningbo rose, up 25 yuan/mt WoW from the previous week's average. As of this Friday, spot prices in Ningbo against the 2607 contract were quoted at parity, with a premium of 40 yuan/mt against Shanghai, and during the week, the premium against Shanghai maintained a fluctuating trend..

SMM June 12:

Spot premiums in Ningbo rose this week, up 25 yuan/mt WoW. As of this Friday, spot prices in Ningbo against the 2607 contract were quoted at parity, with a premium of 40 yuan/mt against SHFE; the premium against SHFE maintained a fluctuating trend during the week. Zinc ingot supply in the Ningbo market was ample during the week, with traders actively selling and quoting. Futures zinc prices fell sharply, prompting downstream enterprises to actively purchase at low points. Overall spot transactions improved noticeably, and spot premiums rose accordingly. Given the off-season consumption showing no improvement, next week's premiums are expected to be hard to rise significantly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

37 mins ago

Data: SHFE, DCE market movement (Jun 12)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Jun , 2026

37 mins ago

1 hour ago

Geopolitical Risks Dominate Market, SHFE and LME Both Decline [SMM Market Review - Zinc Weekly Review]

[Geopolitical Risks Dominate Market, SHFE and LME Both Move Lower] At the start of the week, the situation in the Middle East remained volatile, and LME zinc fluctuated; subsequently, the US dollar index declined, and LME zinc rose; however, as market expectations for the US Fed to maintain higher interest rates for longer intensified and the US struck Iran, the center of LME zinc shifted lower; then, Trump announced the resumption of “heavy strikes” against Iran, the US-Iran ceasefire agreement was disrupted, and LME zinc quickly moved lower...

1 hour ago

Some enterprises began maintenance, zinc oxide operation rates declined [SMM Zinc Oxide Weekly Review]

[Some Enterprises Start Maintenance, Zinc Oxide Operating Rate Declines] End-use demand, currently no obvious highlights in the end-use demand for zinc oxide, and overall demand for electronic-grade zinc oxide orders is relatively stable; however, orders for rubber-grade and feed-grade zinc oxide are affected by rising raw material prices for end-use products and mediocre market demand, resulting in mediocre market demand...

1 hour ago