China Zinc Ingot Inventory Recorded an Increase, SHFE Zinc in the Doldrums [SMM SHFE Zinc Brief Review]

Published: Apr 13, 2026 17:30

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[China Zinc Ingot Inventory Recorded an Increase, SHFE Zinc in the Doldrums]: The most-traded SHFE zinc 2605 contract opened at 23,560 yuan/mt. After the opening, SHFE zinc was in the doldrums, hitting an intraday low of 23,430 yuan/mt and touching a high of 23,605 yuan/mt near the close. It finally settled lower at 23,575 yuan/mt, down 10 yuan/mt, a decline of 0.04%.

SMM April 13 News:

The most-traded SHFE zinc 2605 contract opened at 23,560 yuan/mt. After the opening, SHFE zinc was in the doldrums, hitting an intraday low of 23,430 yuan/mt and touching a high of 23,605 yuan/mt near the close. It finally settled lower at 23,575 yuan/mt, down 10 yuan/mt or 0.04%. Trading volume rose to 49,043 lots, while open interest decreased by 3,184 lots to 74,376 lots. Overnight, SHFE zinc posted a bullish candlestick, with the 40-day moving average providing support below. As sulphuric acid prices continued to rise, domestic smelters actively maintained production supported by by-product profits. In addition, downstream zinc consumption appeared slightly weaker than last year. On Monday, SMM zinc ingot inventory recorded a slight increase, indicating insufficient fundamental support, and SHFE zinc prices were in the doldrums.

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