Geopolitical Easing Drives Zinc Prices to Rebound [SMM Zinc Brief Review]

Published: Apr 1, 2026 17:15

Save

[Geopolitical Tensions Eased, Zinc Prices Rebounded] The most-traded SHFE zinc 2605 contract opened at 23,700 yuan/mt. In early trading, bears reduced open interest, and SHFE zinc rose rapidly to a high of 23,735 yuan/mt. It then saw its center drop back slightly and hovered around 23,600 yuan/mt before closing up at 23,550 yuan/mt, up 70 yuan/mt, or 0.3%. Trading volume fell to 87,777 lots, and open interest decreased by 2,612 lots to 88,931 lots.

SMM News on April 1:

The most-traded SHFE zinc 2605 contract opened at 23,700 yuan/mt. In early trading, bears reduced open interest, and SHFE zinc rose rapidly to a high of 23,735 yuan/mt. հետո, its center dropped back slightly and it fluctuated in consolidation around 23,600 yuan/mt, before finally closing up at 23,550 yuan/mt, up 70 yuan/mt, or 0.3%. Trading volume fell to 87,777 lots, and open interest decreased by 2,612 lots to 88,931 lots. SHFE zinc posted a small bullish candlestick. Ore supply outside China remained tight, while zinc concentrate TCs in China struggled to rebound, providing support to zinc prices from the supply side. In addition, easing geopolitical conflicts outside China helped zinc prices rebound. SHFE zinc is expected to hold up well in night trading.

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

Common.Time.minsAgo

Data: SHFE, DCE market movement (Apr 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Apr , 2026

Common.Time.minsAgo

Common.Time.hoursAgo

Chungnam National University Researchers Develop Zinc Batteries with Enhanced Stability

Researchers at Chungnam National University have developed next-generation zinc batteries using artificial polymer nanolayers to significantly improve stability. This novel protective coating helps prevent dendrite formation and reduces unwanted side reactions, enhancing the overall reliability and practicality of zinc-ion batteries. Aqueous zinc-ion batteries (ZIBs) are increasingly being recognized as a safer and more cost-effective alternative to lithium-ion batteries (LIBs). Although LIBs remain the dominant energy storage solution, they pose safety concerns due to their use of flammable organic electrolytes. In comparison, aqueous ZIBs rely on water-based electrolytes, making them non-flammable, more environmentally friendly, and cheaper.

Common.Time.hoursAgo

Improved Macro Sentiment Lifted the Center of SHFE Zinc in Line With LME Zinc [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, SHFE zinc posted a small bullish candlestick, with the center of the daily candlestick moving higher again, while the middle band of the Bollinger Bands formed resistance above. Overnight, amid expectations that the geopolitical conflict may come to an end, China followed outside China with its center moving higher, but judging from current spot cargo transactions, as zinc prices rose, downstream pricing activity weakened, coupled with......

Common.Time.hoursAgo