Zinc Concentrate TCs Continue to Decline, SHFE Zinc Maintains Fluctuating Trend [SMM Zinc Futures Brief]

Published: Jun 18, 2026 18:56

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[Zinc Concentrate TCs Continued to Fall, SHFE Zinc Maintained Fluctuating Trend] The most-traded SHFE zinc 2608 contract opened at 24,800 yuan/mt. After opening, SHFE zinc maintained fluctuating trend below the daily average line, touching a high of 24,870 yuan/mt at the beginning of the session, dipping to a low of 24,725 yuan/mt during the session, and finally closing down at 24,820 yuan/mt.....

SMM June 18:

The most-traded SHFE zinc 2608 contract opened at 24,800 yuan/mt. After the opening, SHFE zinc maintained a fluctuating trend below the daily average line, touching a high of 24,870 yuan/mt in early trading, then hitting a low of 24,725 yuan/mt during the session. It finally closed down at 24,820 yuan/mt, down 70 yuan/mt, or 0.28%. Trading volume increased by 6,648 lots to 39,700 lots, and open interest increased by 2,259 lots to 90,404 lots. SHFE zinc posted a bullish candlestick, with the 10-day moving average below providing support. China’s zinc concentrate TCs extended their decline. Fundamentals witnessed continued tug-of-war between bulls and bears. During the day, SHFE zinc stayed high, and it is expected to maintain a fluctuating trend in the short term.

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