SMM Morning Meeting Summary: LME Zinc Prices Decline Amid Tariff Uncertainties

[SMM Morning Meeting Summary: Tariff Disturbances Persist, LME Zinc Center Moves Downward]

Overnight, LME zinc opened at $2,846/mt. At the beginning of the session, LME zinc fluctuated around the daily moving average, reaching a high of $2,847.5/mt. Subsequently, as bears increased their positions, LME zinc fluctuated downward below the daily moving average. After a slight rebound, it pulled back again, hitting a low of $2,805/mt by the end of the session and ultimately closing down at $2,805.5/mt, a decrease of $39.5/mt or 1.39%. Trading volume decreased to 94,430 lots, while open interest increased by 2,377 lots to 233,000 lots.