The macro environment showed slight improvement, and the center of SHFE zinc prices shifted upward. [SMM Zinc Futures Brief Review]

Published: Apr 23, 2025 15:47

Save

【Macro Slightly Warms Up, SHFE Zinc Center Moves Upward】: The most-traded SHFE zinc 2506 contract opened at 22,400 yuan/mt. At the beginning of the session, shorts reduced their positions, and SHFE zinc quickly rose above the daily average line, reaching a high of 22,635 yuan/mt. Subsequently, longs reduced their positions, and SHFE zinc dropped back slightly, fluctuating near the daily average line. It finally closed up at 22,460 yuan/mt, gaining 175 yuan/mt, an increase of 0.79%. The trading volume increased to 218,000 lots, while the open interest decreased by 3,102 lots to 127,000 lots. SHFE zinc recorded a bullish candlestick, with the 20/60 daily average lines forming resistance above and the lower Bollinger Band providing support below...

SMM April 23 News:

The most-traded SHFE zinc 2506 contract opened at 22,400 yuan/mt. At the beginning of the session, bears reduced their positions, pushing SHFE zinc quickly above the daily average line to a high of 22,635 yuan/mt. Subsequently, bulls reduced their positions, causing SHFE zinc to drop back slightly and fluctuate near the daily average line. It finally closed up at 22,460 yuan/mt, gaining 175 yuan/mt, an increase of 0.79%. The trading volume increased to 218,000 lots, while the open interest decreased by 3,102 lots to 127,000 lots. SHFE zinc recorded a bullish candlestick, with the 20/60 daily average lines forming resistance above and the lower Bollinger Band providing support below. On April 22 local time, Trump acknowledged that U.S. tariffs on Chinese imports were too high, showing a more moderate stance. A slight macro recovery has boosted market confidence to some extent, driving zinc prices higher. However, as some sectors enter the off-season for end-use consumption, it may impose certain limitations on the upside room for zinc prices. It is expected that SHFE zinc will remain mainly volatile in the short term.

》Order to view SMM metal spot historical prices

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

52 mins ago

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.

52 mins ago

3 hours ago

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......

3 hours ago

LME Zinc Posted a Four-Day Winning Streak, Focus on Trump's Speech Today [SMM Morning Meeting Summary]

[SMM Morning Meeting Summary: LME Zinc Posted a Four-Day Winning Streak; Focus on Trump's Speech Today] Overnight, LME zinc posted a four-day winning streak, with the center of the daily candlestick moving higher. Trump released a TACO signal, expectations for an end to the geopolitical conflict in the Middle East increased, the US dollar index fell, nonferrous metals saw bargain hunting, zinc inventory remained at low levels, and bears' exit provided support, driving zinc prices all the way up. Focus on......

3 hours ago