Zinc Ingot Inventory Accumulates, SHFE Zinc Fluctuates [SMM Zinc Futures Review]

Published: Feb 9, 2026 17:09

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[Zinc Ingot Inventory Accumulates, SHFE Zinc Fluctuates]: The most-traded SHFE zinc 2604 contract opened at 24,655 yuan/mt. At the beginning of the session, bulls increased their positions, and SHFE zinc quickly rose to a high of 24,755 yuan/mt. Subsequently, upward momentum weakened, and the price center moved downward. It finally closed up at 24,565 yuan/mt, rising 75 yuan/mt, or 0.31%. Trading volume decreased to 58,354 lots, while open interest increased by 2,652 lots to 77,738 lots.

SMM February 9 News:

The most-traded SHFE zinc 2604 contract opened at 24,655 yuan/mt. At the beginning of the session, bulls increased their positions, and SHFE zinc quickly rose to a high of 24,755 yuan/mt. Subsequently, upward momentum was insufficient, and the center moved downward. It finally closed up at 24,565 yuan/mt, an increase of 75 yuan/mt or 0.31%. Trading volume decreased to 58,354 lots, while open interest increased by 2,652 lots to 77,738 lots. SHFE zinc recorded a small bearish candlestick. Domestic inventory continued to build up, and the market awaits more macro guidance. SHFE zinc mainly fluctuated, and it is expected that SHFE zinc will continue to fluctuate during the night session.

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