SHFE zinc moves sideways after its center shifts upward, supported by LME gains and domestic destocking [SMM zinc futures review]

Published: Sep 18, 2026 17:29

Save

[LME gains and China destocking support SHFE zinc, which moves sideways after its center shifts upward] The daytime session of the SHFE zinc 2611 contract opened at 26,560 yuan/mt, dipped to 26,510 yuan/mt during the session, touched a high of 26,640 yuan/mt in the afternoon, then pulled back to consolidate and closed at 26,565 yuan/mt, down 25 yuan/mt from the night session close, a decline of 0.09%. Trading volume decreased to 53,498 lots, while open interest increased by 2,418 lots to 130,000 lots......

SMM, September 18:

In the daytime session, the most-traded SHFE zinc 2611 contract opened at 26,560 yuan/mt, dipped to a low of 26,510 yuan/mt during the session, rose to a high of 26,640 yuan/mt in the afternoon, then pulled back to consolidate and finally closed at 26,565 yuan/mt, down 25 yuan/mt from the night session close, a decline of 0.09%. Trading volume decreased to 53,498 lots, while open interest increased by 2,418 lots to 130,000 lots, forming a doji. Gains on the LME lifted the SHFE zinc price center higher; on the fundamentals side, domestic inventory drawdowns provided support, but as prices rose, downstream purchasing became more cautious and spot trading turned subdued, leaving SHFE zinc to move sideways in the daytime session.

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.

Images in this article contain AI-translated captions for reference only.

For any inquiries or for 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

12 mins ago

Bulls Add Positions, Driving SHFE Zinc Center Higher [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Last Friday, SHFE zinc recorded a small bullish candlestick, with the daily candlestick center edging higher, supported by the middle Bollinger Band below. Last Friday, supported by increased long positions, zinc prices drifted higher...

12 mins ago

12 hours ago

Galvanized Sheet Imports Drop 12.32% MoM, 32.93% YoY in August 2026

[Monthly Galvanized Sheet Import Data] According to the latest customs data, the import volume of galvanized sheets in August 2026 was 50,300 tons, representing a month-on-month decrease of 12.32% and a year-on-year decrease of 32.93%. From January to August, the cumulative import volume of galvanized sheets reached 435,200 tons, marking a cumulative year-on-year decrease of 15.52%.

12 hours ago

16 hours ago

[SMM Analysis] Detailed Data on China's Sulphuric Acid Production in August

NBS data shows that China's sulphuric acid (100% equivalent) production in August was 7.984 million mt, down 308,000 mt from 7.676 million mt in July, a YoY decline of 15.5%. The cumulative production of sulphuric acid (100% equivalent) in 2026 was 68.141 million mt, a cumulative YoY decline of 4.6%.

16 hours ago