SHFE Zinc Center Continued to Move Lower Today, with Focus on Interest Rate Decisions Outside China and China’s Social Inventory [SMM Brief Commentary on Zinc Futures]

Published: Mar 18, 2026 16:30

Save

[SHFE Zinc Continued to Decline Today, with Focus on Overseas Rate Decisions and China Social Inventory] The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. After the opening, bulls and bears engaged in fierce competition, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt, or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots.....

SMM News on March 18: The most-traded SHFE zinc 2605 contract opened at 23,470 yuan/mt. Bulls and bears engaged in fierce competition at the opening, and SHFE zinc fluctuated rangebound below the daily average line. During the session, SHFE zinc touched a high of 23,475 yuan/mt and a low of 23,260 yuan/mt, and finally closed down at 23,345 yuan/mt, down 110 yuan/mt or 0.47%. Trading volume increased to 55,115 lots, and open interest increased by 3,955 lots to 95,164 lots. SHFE zinc continued to post a bearish candlestick, with various moving averages above exerting resistance. Currently, fundamentals in China remain relatively weak, and there is certain resistance above prices. Attention can be paid to the US interest rate decision tomorrow and inventory changes in China.

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

1 hour ago

LME Drove SHFE, and SHFE Zinc Opened Lower with a Gap [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2605 contract opened lower with a gap at 23,110 yuan/mt. Bears then continued to add positions, sending SHFE zinc below key support to a low of 22,940 yuan/mt. It finally closed down at 23,010 yuan/mt, down 335 yuan/mt, or 1.43%. Trading volume fell to 55,828 lots, while open interest increased by 1,260 lots to 96,424 lots.

1 hour ago

US Fed Kept Interest Rates Unchanged, LME Zinc Came Under Pressure [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: The US Fed Held Rates Unchanged, and LME Zinc Came Under Pressure] Overnight, LME zinc opened at $3,220.5/mt. In early trading, LME zinc briefly rose to a high of $3,227/mt, after which bulls reduced their positions, and LME zinc fluctuated downward throughout the session, hitting a low of $3,130/mt near the close. It finally closed down at $3,132.5/mt, a decrease of $100.5/mt, or 3.11%. Trading volume increased to 16,556 lots, and open interest fell by 6,295 lots to 208,000 lots.

1 hour ago

Common.Time.hoursAgo

Data: SHFE, DCE market movement (Mar 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 Mar , 2026

Common.Time.hoursAgo