SMM Zinc Early Evaluation: LME Inventory Continues to Decrease, Support Below London Zinc

Overnight, London zinc opened at $2570 per tonne. During the early trading session, London zinc fluctuated narrowly around $2567 per tonne. It rose to $2570.5 per tonne before plummeting to around $2557 per tonne, and then decelerated and oscillated downwards. During this period, it hit a low of $2548 per tonne. The reduction in short positions in the European trading session led to London zinc returning to oscillate near the daily average line...