Macro sentiment has improved, and the center of SHFE zinc prices has moved up [SMM Zinc Futures Brief Comment]

Published: Jun 18, 2025 17:26

Save

[Macro Sentiment Improves, SHFE Zinc Price Center Moves Higher]: The most-traded SHFE zinc 2508 contract opened at 21,660 yuan/mt. At the beginning of the session, bears reduced their positions, and SHFE zinc rapidly surged to an intraday high of 21,885 yuan/mt. It then consolidated near 21,845 yuan/mt, eventually closing up at 21,810 yuan/mt, up 135 yuan/mt or 0.62%. Trading volume decreased to 82,237 lots, while open interest fell by 6,441 lots to 97,600 lots.

SMM News on June 18: The most-traded SHFE zinc 2508 contract opened at 21,660 yuan/mt. At the beginning of the trading session, bears reduced their positions, prompting SHFE zinc to rapidly rally to an intraday high of 21,885 yuan/mt. It then consolidated near 21,845 yuan/mt, eventually closing up at 21,810 yuan/mt, up 135 yuan/mt or 0.62%. Trading volume decreased to 82,237 lots, while open interest fell by 6,441 lots to 97,600 lots. SHFE zinc recorded a large bullish candlestick, with the 20-day moving average acting as resistance. The fundamental outlook for June remained weak, but positive policy news emerged from the Lujiazui Forum, leading to an improvement in macro sentiment. The price center of SHFE zinc shifted higher during the day, and it is expected to trade in a rangebound manner.

》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

18 hours ago

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

18 hours ago

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.

18 hours ago

19 hours ago

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

19 hours ago