SHFE Zn 2611 Breaks 26,000 Yuan/mt, SMM #0 Guangdong Zinc Drops to 25,910 Yuan/mt

Published: Oct 09, 2026 10:42 (GMT+8)

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[South China zinc ingot market] During last night's night session, the most-traded SHFE zinc 2611 contract fell below 26,000 yuan/mt, hitting a low of 25,670 yuan/mt. The decline in futures prompted moderate restocking among downstream buyers in Guangdong, though some end-users showed weak purchase willingness and continued to draw down inventory. Most traders' offers remained basically stable from yesterday. Today, SMM #0 zinc ingot (Guangdong) fell 390 yuan/mt to 25,910 yuan/mt.

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