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

Published: Jun 18, 2026 18:56

Save

[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.

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

20 hours ago

SHFE Zinc Prices Rise, But Downstream Demand Weak Amid Seasonal Slowdown

[Shanghai Refined Zinc Market] SHFE zinc prices rose notably this week compared with the previous week. However, downstream demand remained weak amid the seasonal slowdown, with buyers continuing to procure only on an as-needed basis. Spot market transactions were generally sluggish, although traders maintained relatively firm quotations. Overall, spot premiums fluctuated at low levels during the week.

20 hours ago

Depressed Zinc Concentrate Offers Squeeze Smelter Margins, Dampen Trading Activity

[Imported Zinc Concentrate Market] This week, traders maintained import zinc concentrate offers at depressed levels, with most quotations remaining in negative triple-digit territory. However, the continued decline in both domestic and international TCs further squeezed smelter margins, leaving Chinese smelters reluctant to accept imported concentrate priced at negative triple-digit TCs. Consequently, trading activity in the imported zinc concentrate market remained subdued throughout the week.

20 hours ago

Chinese Zinc Concentrate Treatment Charges Decline in July Amid Weak Price Ratio

[Domestic Zinc Concentrate Market]This week, domestic zinc concentrate treatment charges (TCs) across multiple regions in China were gradually finalized, with July TCs continuing to decline from June levels. The primary driver behind the latest reduction was the persistently weak domestic-to-overseas price ratio, which pushed losses on imported zinc concentrate to nearly RMB 2,000/mt once again. As a result, Chinese smelters continued to prioritize purchases of domestic zinc concentrate in July, keeping the domestic concentrate market in a tight supply-demand balance.

20 hours ago