Bulls Took Profits and Exited, SHFE Zinc Declined [SMM SHFE Zinc Brief Review]

Published: Jun 4, 2026 18:05

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[Bulls Take Profits and Exit, SHFE Zinc Declines] The most-traded SHFE zinc 2607 contract opened at 25,055 yuan/mt. At the beginning of the session, bulls reduced their open interest, and SHFE zinc fluctuated downward throughout the day, hitting a low of 24,770 yuan/mt near the close, ultimately settling down at 24,800 yuan/mt, a decline of 350 yuan/mt or 1.39%. Trading volume fell to 134,000 lots, and open interest decreased by 10,337 lots to 101,000 lots.

SMM June 4 News:

The most-traded SHFE zinc 2607 contract opened at 25,055 yuan/mt. At the beginning of the session, bulls reduced their open interest, and SHFE zinc fluctuated downward throughout the session, hitting a low of 24,770 yuan/mt near the close, and finally settled down at 24,800 yuan/mt, dropping 350 yuan/mt or 1.39%. The trading volume fell to 134,000 lots, and open interest decreased by 10,337 lots to 101,000 lots. SHFE zinc posted a long upper shadow bearish candlestick. The strong US dollar index suppressed the performance of non-ferrous metals, bulls took profits and exited, and weak consumption added pressure on zinc prices. SHFE zinc moved lower, and is expected to trade in a range during the night session.

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