Macro disturbances persist, SHFE zinc recorded a bearish candlestick [SMM Zinc Brief Review]

Published: Jun 10, 2026 16:38

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[Macro Disturbances Persist, SHFE Zinc Posts a Bearish Candlestick] The most-traded SHFE zinc 2607 contract opened at 24,730 yuan/mt. After the market opened, SHFE zinc edged up to touch a high of 24,775 yuan/mt. Subsequently, bulls reduced positions, and SHFE zinc fluctuated downward to touch a low of 24,605 yuan/mt. It finally closed lower at 24,620 yuan/mt, down 110 yuan/mt or 0.44%. Trading volume decreased to 47,848 lots, and open interest decreased by 2,833 lots to 86,601 lots.....

SMM June 10 News: The most-traded SHFE zinc 2607 contract opened at 24,730 yuan/mt. After opening, SHFE zinc edged up to a high of 24,775 yuan/mt. Then bulls reduced their positions, causing SHFE zinc to fluctuate downward and dip to a low of 24,605 yuan/mt. It finally closed down at 24,620 yuan/mt, down 110 yuan/mt or 0.44%. Trading volume decreased to 47,848 lots, and open interest decreased by 2,833 lots to 86,601 lots. SHFE zinc formed a bearish candlestick. The 10-day and 20-day moving averages above exerted pressure, while the lower Bollinger Band below provided support. As tensions in the Middle East persist, market concerns have resurfaced. Combined with high inflationary pressures in many countries, SHFE zinc declined under the influence of LME zinc.

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