Persistent US Inflation Continues, Weighing on the Center of LME Zinc [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: Sticky US Inflation Persisted, and the Center of LME Zinc Moved Lower] Overnight, LME zinc opened at $3,313/mt. In early trading, LME zinc maintained a fluctuating trend and touched a high of $3,352/mt. Entering the European trading session, LME zinc quickly fell to a low of $3,296.5/mt. In the night session, LME zinc gradually recovered its losses and fluctuated upward, hovering near the daily average line, before closing down at $3,315.5/mt, down $26.5/mt, or 0.79%. Trading volume decreased to 91,642 lots, and open interest increased by 494 lots to 217,000 lots.