Home / Metal News / SHFE zinc recorded a five-day winning streak, but consumption is expected to exert certain pressure on it [SMM zinc futures brief comment]

SHFE zinc recorded a five-day winning streak, but consumption is expected to exert certain pressure on it [SMM zinc futures brief comment]

iconJun 27, 2025 17:10
Source:SMM
[SHFE zinc records five-day winning streak, but consumption expected to exert certain pressure] The most-traded SHFE zinc 2508 contract opened at 22,445 yuan/mt. In the early trading session, bulls increased their positions, driving SHFE zinc to fluctuate upward above the daily average line, reaching a high of 22,570 yuan/mt. Subsequently, bears increased their positions, causing SHFE zinc to decline slightly below the daily average line. It eventually closed higher at 22,410 yuan/mt, up 170 yuan/mt from the previous close, representing a 0.76% increase. Trading volume increased to 226,000 lots, while open interest rose by 6,790 lots to 142,000 lots...

SMM News on June 27:

       The most-traded SHFE zinc 2508 contract opened at 22,445 yuan/mt. In the early session, bulls increased their positions, driving SHFE zinc to fluctuate upward above the daily average line, touching a high of 22,570 yuan/mt. Subsequently, bears increased their positions, causing SHFE zinc to decline slightly below the daily average line. It finally closed up at 22,410 yuan/mt, up 170 yuan/mt or 0.76%. Trading volume increased to 226,000 lots, and open interest rose by 6,790 lots to 142,000 lots. SHFE zinc recorded a five-day winning streak, with various moving averages below providing support. Due to the easing of overseas local disputes and supply-side disruptions, SHFE zinc has been rising recently. However, domestic downstream consumption is currently sluggish, which is expected to pose some resistance to SHFE zinc's upward momentum.

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