Downstream Alloy Plants Saw Average Orders, Spot Cargo Transactions Were Basically Driven by Rigid Demand [SMM Ningbo Spot Weekly Review]

Published: Apr 17, 2026 16:09

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[Downstream Alloy Plants Saw Moderate Orders, Spot Transactions Were Basically Driven by Rigid Demand]: Spot premiums in Ningbo edged up slightly this week, with the weekly average price up 5 yuan/mt WoW. As of this Friday, spot prices against the 2605 contract were quoted at a discount of 5 yuan/mt, with a premium of 70 yuan/mt over Shanghai. The premium over Shanghai widened during the week.

SMM April 17 News:

Ningbo spot premiums edged higher this week, with the weekly average price up 5 yuan/mt WoW. As of this Friday, Ningbo spot prices against the SHFE 2605 contract were quoted at a discount of 5 yuan/mt, with a premium of 70 yuan/mt against Shanghai, and the premium against Shanghai widened during the week. Downstream alloy plants saw mediocre order performance during the week, with spot purchases largely on an as-needed basis and spot premiums remaining stable. However, in the second half of the week, heavy fog at the port delayed the arrival of some vessels. By the end of the week, few spot zinc ingot quotes were available in the Ningbo market, and some traders raised their quotes, pushing zinc ingot spot premiums slightly higher. Spot premiums are expected to maintain a fluctuating trend next week.

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