Zinc Concentrate TCs Continue to Decline, SHFE Zinc Fluctuates at Highs [SMM Zinc Futures Brief]

Published: May 7, 2026 17:13

Save

[TCs Continued to Decline, SHFE Zinc Fluctuated at Highs]: The most-traded SHFE zinc 2606 contract opened at 24,200 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line, touching a low of 24,105 yuan/mt during the session and reaching a high of 24,305 yuan/mt near the close, ultimately closing higher at 24,285 yuan/mt.

SMM May 7:

The most-traded SHFE zinc 2606 contract opened at 24,200 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line, dipping to a low of 24,105 yuan/mt during the session and touching a high of 24,305 yuan/mt near the close. It ultimately closed higher at 24,285 yuan/mt, up 80 yuan/mt or 0.33%. Trading volume increased to 51,433 lots, while open interest decreased by 2,253 lots to 89,871 lots. SHFE zinc posted a bullish candlestick, with the 20-day moving average providing support below. The US dollar index traded at low levels. On the fundamentals side, the tight ore supply situation remained unchanged, and zinc concentrate TCs continued to decline in May, collectively supporting SHFE zinc to hover at highs.

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

Boliden Reports Q1 2026 Zinc Concentrate Production Down 3% QoQ, Impacted by Earthquake and Heavy Rainfall

[Zinc Concentrate Production Information] On April 28, Boliden released its Q1 2026 report. Data showed that its zinc concentrates production in the quarter was 89,200 mt, down 3% QoQ. By mine, Tara mine's Q1 zinc concentrates production was 17,400 mt, up 14% QoQ; Garpenberg's Q1 zinc concentrates production was 19,300 mt, down 26% QoQ, mainly due to an earthquake deep in the mine on March 14 that severely affected the Lappberget ore body; The Boliden Area's Q1 zinc concentrates production was 8,800 mt, up 4% QoQ; Zinkgruvan's Q1 zinc concentrates production was 17,500 mt, up 23% QoQ; Somincor's Q1 zinc concentrates production was 25,900 mt, down 5% QoQ, mainly due to the negative impact of heavy rainfall, with milling volume lower than the previous quarter.

1 hour ago

Common.Time.hoursAgo

Zinc Prices Rebounded from Lows in April — What's the Outlook for May?

As of April 30, the most-traded SHFE zinc contract closed at 23,645 yuan/mt, up 165 yuan/mt for the month, a gain of 0.7%. Zinc prices rebounded from lows in April, touching a low of 23,430 yuan/mt at the beginning of the month and a high of 24,515 yuan/mt at month-end, though the overall price center pulled back. Heading into May, with the tight domestic ore supply situation persisting, how will zinc prices perform?

Common.Time.hoursAgo

2026 SMM London H1 Seminar: Metals in Transition - Supply Chain Battles & Price Dynamics in 2026

Common.Time.hoursAgo