Zinc Concentrate TCs Continue to Decline, SHFE Zinc Fluctuates at Highs [SMM Zinc Futures Brief]

Published: May 7, 2026 17:13

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[TCs Continued to Decline, SHFE Zinc Fluctuated at Highs]: The most-traded SHFE zinc 2606 contract opened at 24,200 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line, touching a low of 24,105 yuan/mt during the session and reaching a high of 24,305 yuan/mt near the close, ultimately closing higher at 24,285 yuan/mt.

SMM May 7:

The most-traded SHFE zinc 2606 contract opened at 24,200 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line, dipping to a low of 24,105 yuan/mt during the session and touching a high of 24,305 yuan/mt near the close. It ultimately closed higher at 24,285 yuan/mt, up 80 yuan/mt or 0.33%. Trading volume increased to 51,433 lots, while open interest decreased by 2,253 lots to 89,871 lots. SHFE zinc posted a bullish candlestick, with the 20-day moving average providing support below. The US dollar index traded at low levels. On the fundamentals side, the tight ore supply situation remained unchanged, and zinc concentrate TCs continued to decline in May, collectively supporting SHFE zinc to hover at highs.

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