SMM Morning Meeting Summary: LME Zinc Edges Up Despite Volatility; Dollar Index Retreats

[SMM Morning Meeting Summary: US Dollar Index Falls Back From Highs, LME Zinc Center Slightly Moves Up]

Overnight, LME zinc opened at $2,941.5/mt. Subsequently, a tug-of-war between bulls and bears ensued, with the LME zinc center fluctuating around $2,935/mt. During the European trading session, bears increased their positions, causing the LME zinc center to slightly move up before quickly pulling back to a low of $2,925/mt. Entering the night session, LME zinc rapidly climbed to a high of $2,986/mt, then gradually pulled back, ultimately closing higher at $2,957/mt, up $12.5/mt or 0.42%. Trading volume decreased to 70,864 lots, while open interest increased by 3,352 lots to 223,000 lots.