SMM Flash: Zinc Inventories Rise, Prices Decline Amid Off-Season, But Downside Limited

Published: Jun 9, 2025 14:48

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[SMM Flash News]: SMM zinc social inventory has risen consecutively from a low level to 81,700 mt. Coupled with the impact of the off-season in the downstream sector, the market expects a continuous inventory buildup. Bears have increased their positions by over 40,000 lots. The price of the most-traded SHFE zinc contract has broken through and declined to around 21,850 yuan/mt. However, trading in the spot market has improved at this price level. It is expected that there is limited downside room for zinc prices. Attention should be paid to the price support brought by the buying power in the downstream sector.

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