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Home / Metal News / Driven by bulls and other metals, the center of SHFE zinc continued to rise [SMM Zinc Futures Review]

Driven by bulls and other metals, the center of SHFE zinc continued to rise [SMM Zinc Futures Review]

iconJan 6, 2026 17:35
[Driven by Bulls and Other Metals, SHFE Zinc Center Continues to Rise] The most-traded SHFE zinc 2602 contract opened at 24,060 yuan/mt. After opening, bulls increased positions, and zinc fluctuated upward above the daily average line, reaching a high of 24,415 yuan/mt. Toward the close, bulls reduced positions, and the upward momentum of zinc slowed temporarily, with the center fluctuating rangebound around 24,330 yuan/mt. It finally closed up at 24,295 yuan/mt, an increase of 475 yuan/mt, a gain of 1.99%. Trading volume increased to 177,000 lots, and open interest increased by 6,517 lots to 96,459 lots.....

SMM Jan. 6:

       The most-traded SHFE zinc 2602 contract opened at 24,060 yuan/mt. After opening, bulls increased their positions, and SHFE zinc fluctuated upward above the daily average line, hitting a high of 24,415 yuan/mt. Toward the end of the session, bulls reduced their positions, and the upward momentum of zinc slowed temporarily, with the price center fluctuating rangebound around 24,330 yuan/mt. It finally closed up at 24,295 yuan/mt, an increase of 475 yuan/mt or 1.99%. Trading volume increased to 177,000 lots, and open interest rose by 6,517 lots to 96,459 lots. SHFE zinc recorded a bullish candlestick, supported by various moving averages below. Currently, bulls dominate the futures market, while base metals such as copper and aluminum show strong performance, driving zinc to continue rising.

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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