Traders' Offers Remained Firm, Spot Premiums Held Steady Within the Week [SMM Ningbo Spot Weekly Review]

Published: Apr 10, 2026 14:39

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[Traders' Offers Remained Firm, Spot Premiums Held Steady Within the Week]: Spot premiums in Ningbo continued to rise this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, spot prices against the 2605 contract were quoted at a discount of 25 yuan/mt, with a premium of 50 yuan/mt against Shanghai, and the premium against Shanghai widened during the week.

SMM April 10 update:

Spot premiums in Ningbo continued to rise this week, with the weekly average price up 20 yuan/mt WoW. As of this Friday, Ningbo spot prices against the 2605 contract were quoted at a discount of 25 yuan/mt, with a premium of 50 yuan/mt over Shanghai, and the premium over Shanghai widened during the week. Zinc ingot inventory in Ningbo declined slightly this week. Traders' offers remained relatively firm during the week, but the futures zinc price center moved higher WoW. In addition, some downstream enterprises held certain raw material inventories, leading to low spot purchase willingness during the week. Overall transactions remained on an as-needed basis. Spot premiums are expected to continue fluctuating 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.

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