Zinc Downstream Enterprises Saw Poor Orders, Spot Premiums Weakened During the Week [SMM Ningbo Spot Weekly Review]

Published: May 22, 2026 15:06

Save

[Zinc Downstream Enterprises Saw Poor Orders, Spot Premiums Weakened Within the Week]: Spot premiums in Ningbo edged down this week, with the weekly average price down 10 yuan/mt WoW. As of this Friday, Ningbo spot prices were quoted at a premium of 25 yuan/mt against the 2606 contract and a premium of 30 yuan/mt against the SHFE premium, with the SHFE premium narrowing gradually during the week.

SMM May 22 Update:

Spot premiums in Ningbo edged down this week, with the weekly average price down 10 yuan/mt WoW. As of this Friday, Ningbo spot prices against the SHFE zinc 2606 contract were quoted at a premium of 25 yuan/mt, with a premium of 30 yuan/mt against the Shanghai premium, which gradually narrowed over the week. Long-term contract zinc ingots arrived successively at the Ningbo market during the week, and the number of traders making shipments increased, while downstream alloy plants had poor orders. Combined with zinc futures fluctuating at highs during the week, overall spot transactions performed mediocrely this week. Some traders lowered spot quotes to facilitate shipments, and market spot premiums edged down slightly. Spot premiums are expected to fluctuate next week.

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 to learn 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

18 mins ago

Data: SHFE, DCE market movement (May 22)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 22 May , 2026

18 mins ago

24 mins ago

Weak Order Demand in Some Sectors, Zinc Oxide Production Starts Decline [SMM Zinc Oxide Weekly Review]

[Weak Order Demand in Some Sectors, Zinc Oxide Operating Rates Declined] The industry's operating rates pulled back WoW this week. Dragged down by weak end-use demand, some enterprises slowed down their production pace, and capacity release contracted somewhat......

24 mins ago

26 mins ago

Guangdong Contract Rollover Quotes: Spot Premiums Declined [SMM Guangdong Spot Weekly Review]

[Guangdong Contract Rollover Quotes, Spot Premiums Declined] Contract rollover quotes in the Guangdong region drove the center of spot premiums lower during the week. Arrivals were relatively low this week, and in addition, bill-related factors constrained spot cargo circulation, with traders maintaining relatively firm quotes...

26 mins ago