SHFE zinc recorded a bullish candlestick, and is expected to hover at highs [SMM Zinc Brief Review]

Published: Jun 12, 2026 18:15

Save

[SHFE Zinc Records a Bullish Candlestick, Expected to Hover at Highs] The most-traded SHFE zinc 2607 contract opened at 24,190 yuan/mt. After the opening, SHFE zinc fluctuated above the daily average line, reaching a high of 24,445 yuan/mt during this period. Subsequently, bulls reduced their positions, and SHFE zinc edged down to test a low of 24,070 yuan/mt. Near the close, SHFE zinc edged up to recoup some losses, finally closing up at 24,360 yuan/mt, up 195 yuan/mt, a gain of 0.81%. Trading volume fell to 122,000 lots, and open interest declined by 4,821 lots to 75,934 lots.....

SMM June 12: The most-traded SHFE zinc 2607 contract opened at 24,190 yuan/mt. After opening, SHFE zinc fluctuated above the daily average line, hitting a high of 24,445 yuan/mt. Subsequently, bulls cut positions, causing SHFE zinc to edge down to a low of 24,070 yuan/mt. Toward the end of the session, SHFE zinc edged up to recoup some losses, closing up at 24,360 yuan/mt, up 195 yuan/mt or 0.81%. Trading volume fell to 122,000 lots, and open interest decreased by 4,821 lots to 75,934 lots. SHFE zinc printed a bullish candlestick, with the 5- and 40-day moving averages above exerting downward pressure. Currently, China's end-use demand is weakening and domestic inventory remains high, but low TCs at the mining end are providing support for prices. Keep an eye on macro developments outside China. SHFE zinc is expected to hover at highs.

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

2 hours ago

China Continues Destocking, SHFE Zinc Center Moves Up [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: China Continued Destocking, SHFE Zinc Center Moved Higher] Overnight, the most-traded SHFE zinc 2609 contract opened at 25,615 yuan/mt and consolidated along the daily average line in early trading. Subsequently, as bears reduced positions, the SHFE zinc center moved higher, touching a high of 25,730 yuan/mt near the close. The contract eventually closed up 125 yuan/mt, or 0.49%, at 25,675 yuan/mt. Trading volume fell to 38,315 lots, and open interest decreased by 1,840 lots to 104,000 lots.

2 hours ago

Macro Sentiment Fluctuated, LME Zinc Recorded a Doji [SMM Zinc Morning Meeting Summary]

[SMM Zinc Morning Meeting Summary: Macro Sentiment Fluctuated, LME Zinc Recorded a Doji]: Overnight LME zinc opened at $3,745/mt, briefly rose in early trading to a high of $3,758.5/mt, then declined all the way to a low of $3,697.5/mt during European trading hours, before losses narrowed in late trading and it finally closed flat at $3,745/mt. Trading volume increased to 11,288 lots, and open interest rose by 4,236 lots to 254,000 lots.

2 hours ago

19 hours ago

Data: SHFE, DCE market movement (Aug 13)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 13 Aug , 2026

19 hours ago