[SMM Morning Meeting Summary: LME Inventory Declines, LME Zinc Records a Bullish Candle]
Overnight, LME zinc recorded a bullish candle, with resistance from the 10-day and 60-day moving averages above and support from the lower Bollinger Band below. Overnight, LME inventory decreased by 2,150 mt to 251,975 mt, a decline of 0.85%. The reduction in LME inventory reflects a continuous decrease in overseas inventories, which will provide some support for zinc prices. In the short term, LME zinc may maintain a fluctuating trend, and further macro information can be monitored. Overnight, SHFE zinc recorded a bearish candle with no lower shadow...
