LME Zinc Inventory Surge Puts Prices Under Pressure, Tight Ore Supply Supports SHFE Zinc [SMM Morning Meeting Summary]
[SMM Morning Meeting Summary: LME Zinc Under Pressure from Surging Inventory, Tight Ore Supply Supports SHFE Zinc] Overnight LME zinc opened at $3,880/mt, briefly pulled back in early trading before quickly rising to $3,915/mt, then drifted lower to touch $3,845.5/mt. During the night session, it rebounded from the low and finally settled at $3,897.5/mt, up $20/mt, or 0.52%. Trading volume decreased to 15,156 lots, while open interest increased by 2,024 lots to 262,000 lots...