SHFE zinc moves sideways after its center shifts upward, supported by LME gains and domestic destocking [SMM zinc futures review]

Published: Sep 18, 2026 17:29

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[LME gains and China destocking support SHFE zinc, which moves sideways after its center shifts upward] The daytime session of the SHFE zinc 2611 contract opened at 26,560 yuan/mt, dipped to 26,510 yuan/mt during the session, touched a high of 26,640 yuan/mt in the afternoon, then pulled back to consolidate and closed at 26,565 yuan/mt, down 25 yuan/mt from the night session close, a decline of 0.09%. Trading volume decreased to 53,498 lots, while open interest increased by 2,418 lots to 130,000 lots......

SMM, September 18:

In the daytime session, the most-traded SHFE zinc 2611 contract opened at 26,560 yuan/mt, dipped to a low of 26,510 yuan/mt during the session, rose to a high of 26,640 yuan/mt in the afternoon, then pulled back to consolidate and finally closed at 26,565 yuan/mt, down 25 yuan/mt from the night session close, a decline of 0.09%. Trading volume decreased to 53,498 lots, while open interest increased by 2,418 lots to 130,000 lots, forming a doji. Gains on the LME lifted the SHFE zinc price center higher; on the fundamentals side, domestic inventory drawdowns provided support, but as prices rose, downstream purchasing became more cautious and spot trading turned subdued, leaving SHFE zinc to move sideways in the daytime session.

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