Zinc Futures Fell Sharply amid the Fall of Non-ferrous Metals

Published: May 24, 2022 17:46

Source: SMM

Save

The most-traded SHFE zinc contract ended 235 yuan/mt or 0.92% lower at 25,290 yuan/mt after opened at 25,525 yuan/mt and fell when the shorts increased positions.

SHANGHAI, May 24(SMM) - The most-traded SHFE zinc contract ended 235 yuan/mt or 0.92% lower at 25,290 yuan/mt after opened at 25,525 yuan/mt and fell when the shorts increased positions. The open interest increased by 8,347 lots to 92,000 lots. Zinc futures moved rangebound within narrow fluctuations in the first half of trading. However, non-ferrous metal prices fell in the second half of trading. With thin spot transactions and high social inventory, zinc prices were dragged down by weak consumption with a sharp fall. Recently, LME zinc fluctuated widely and SHFE/LME zinc price ratio rebounded to 6.8, but the import window of ore still opens. In forward looking, the zinc prices are expected to fall again after the tight supply on the mine end is eased. The market shall focus on the support of the cost end.

Futures

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.

For any inquiries or to learn 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

Mar 27, 2026 15:59

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

Mar 27, 2026 15:59

Mar 27, 2026 15:56

Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Remain Stable, End-Use Demand Shows Divergence] In terms of orders, overall demand for rubber-grade zinc oxide remained stable, but some enterprises were relatively cautious about expectations for subsequent demand from tyre factories; orders for major ceramic-grade zinc oxide producers were relatively stable, but affected by the overall weakness in the real estate market, overall demand in the sector was average......

Mar 27, 2026 15:56

Mar 27, 2026 15:55

Data: SHFE, DCE market movement (Mar 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

Mar 27, 2026 15:55