LME Zinc Prices Fluctuate Under Pressure Amid Tariff Uncertainty

[SMM Morning Meeting Summary: LME Zinc Under Pressure and Fluctuating Due to Tariff Uncertainty]

Overnight, LME zinc opened at $2,916/mt, then fluctuated rangebound near the daily moving average, reaching a high of $2,921.5/mt. Subsequently, LME zinc fluctuated downward to a low of $2,882.5/mt, before recovering part of the losses. The center fluctuated rangebound at $2,900/mt but then faced resistance and pulled back, ultimately closing down at $2,893/mt, a decrease of $18/mt or 0.62%. Trading volume decreased to 65,398 lots, and open interest fell by 1,999 lots to 220,000 lots.