Latest Update in the SMM Zinc Market

【#1 Zinc Ingot Social Inventory Declines, SHFE Zinc Maintains Fluctuating Trend】: The most-traded SHFE zinc 2505 contract opened at 23,765 yuan/mt. After the opening, SHFE zinc quickly rose to a high of 23,900 yuan/mt, then fell back from highs to a low of 23,635 yuan/mt. Subsequently, SHFE zinc rebounded from the low and fluctuated upward, finally closing up at 23,855 yuan/mt....

[Zinc Ingot Social Inventory Declines, SHFE Zinc Maintains Fluctuating Trend]: The most-traded SHFE zinc 2505 contract opened at 23,765 yuan/mt. After the opening, SHFE zinc quickly rose to a high of 23,900 yuan/mt, then fell back from highs to 23,635 yuan/mt...

SMM Analysis: Chinese Smelters Continue to Ramp Up Production, What Will Happen to China's Zinc Ore Imports in March? According to the latest customs data, 461,400 mt of zinc concentrates were imported in February 2025, up 16.28% (64,600 mt) MoM and up 83.73% YoY. The cumulative imports for January-February 2025 reached 858,300 mt, up 32.64% YoY...

Strong Smelter Output Boost, Can March Zinc Ore Imports Be Sustained? According to the latest customs data, 2025 February imported zinc concentrates reached 461,400 mt, up 16.28% (64,600 mt) MoM and up 83.73% YoY. The cumulative imports of zinc concentrates for January-February were 858,300 mt, up 32.64% YoY.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 20 Mar, 2025