The SHFE zinc 2507 contract closed higher, in the doldrums in the short term.

Published: Jun 23, 2025 16:45

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[SMM Flash News] Today, the most-traded SHFE zinc 2507 contract opened at 21,750 yuan/mt and closed higher at 21,780 yuan/mt, up 105 yuan/mt or 0.48%. Trading volume increased to 111,000 lots, and open interest rose by 5,745 lots to 111,000 lots, recording a bullish candlestick with a long lower shadow. As of today (June 23), SMM's zinc inventory across seven locations stood at 77,800 mt, with a decrease in domestic inventory. Currently, downstream consumption is gradually weakening, but due to reduced arrivals in some regions over the weekend, supply-side support for prices has strengthened. Today, SHFE zinc formed a "V"-shaped trend. Under the current fundamental conditions, SHFE zinc is expected to remain in the doldrums in the short term.

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