Macro Sentiment Bearish, SHFE Zinc Center Moves Down [SMM Zinc Futures Brief Review]

Published: Dec 27, 2024 18:10

Save

[Bearish Macro Sentiment, SHFE Zinc Center Moves Downward]: The most-traded SHFE zinc 2502 contract opened at 25,420 yuan/mt. At the beginning of the session, bulls reduced positions, and SHFE zinc fluctuated downward throughout the session, hitting a low of 25,140 yuan/mt near the close. Later, the center moved up slightly, and it finally closed lower at 25,175 yuan/mt....

SMM reported on December 27: The most-traded SHFE zinc 2502 contract opened at 25,420 yuan/mt. At the beginning of the session, longs reduced their positions, and SHFE zinc fluctuated downward throughout the session, hitting a low of 25,140 yuan/mt near the close. Later, the center slightly moved upward, and the contract ultimately closed lower at 25,175 yuan/mt, down by 220 yuan/mt or 0.87%. Trading volume increased to 155,000 lots, while open interest decreased by 6,706 lots to 144,000 lots. SHFE zinc recorded a large bearish candlestick. Macro sentiment was bearish, with some funds exiting the market. Spot trading weakened, reducing support for zinc prices. SHFE zinc is expected to fluctuate and consolidate tonight.

》Subscribe to view SMM historical spot metal prices

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14