SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceCokeCoalPig IronSteel BilletFinished Steel
New Energy
New Energy
SolarLithiumCobaltCathode MaterialPhosphorusCarbon AnodeSeparatorElectrolyteBattery Cell And ModuleBattery RecyclingNickel And ManganeseOther MaterialsSodium-ion BatteryHydrogen Energy
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / Fundamentals show strong supply and weak demand, with SHFE zinc prices declining significantly [SMM zinc futures brief comment]

Fundamentals show strong supply and weak demand, with SHFE zinc prices declining significantly [SMM zinc futures brief comment]

iconJul 1, 2025 15:46
Source:SMM
[Fundamentals: Strong supply and weak demand, SHFE zinc falls significantly]: The most-traded SHFE zinc 2508 contract opened at 22,360 yuan/mt. In early trading, SHFE zinc reached a high of 22,360 yuan/mt, then declined continuously, hitting a low of 22,105 yuan/mt during the session. Subsequently, SHFE zinc rebounded slightly to near the daily average line, closing down at 22,255 yuan/mt, a drop of 110 yuan/mt...

SMM News on July 1:

The most-traded SHFE zinc 2508 contract opened at 22,360 yuan/mt. In early trading, SHFE zinc reached a high of 22,360 yuan/mt, then declined continuously, hitting a low of 22,105 yuan/mt during the session. Subsequently, SHFE zinc rebounded slightly to near the daily average line, closing down at 22,255 yuan/mt, down 110 yuan/mt or 0.49%. Trading volume increased to 127,000 lots, while open interest decreased by 4,403 lots to 134,000 lots. SHFE zinc recorded a bearish candlestick, with the 20-day moving average providing support below. In June, smelter production increased significantly MoM from May. In July, zinc ingot supply is expected to remain strong. The fundamental situation of strong supply and weak demand persists, with SHFE zinc declining significantly during the day.

》Subscribe to view historical spot prices of SMM metals

 

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.Zinc Oxide Project Feasibility Analysis
2.Zinc Recovery Industry Study
3.Feasibility Study Of Investing a Lead-Zinc Ore Mining Smelting Project In Indonesia
4.Zinc Resources Industry Development Research
5.Zinc Industry Value Chain And Related 3 Hot Topics
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.