SMM Morning Meeting: Weakening Fed Rate Cut Expectations, LME Zinc Prices Fluctuate with Slight Gain

[SMM Morning Meeting Summary: Expectations for US Fed Interest Rate Cut Weaken, LME Zinc Center Shifts Downward]

Overnight, LME zinc opened at $2,817/mt. At the beginning of the session, LME zinc fluctuated along the daily moving average. By the European trading hours, LME zinc quickly moved downward, hitting a low of $2,784.5/mt. Subsequently, bulls increased positions, pushing LME zinc upward to a night session high of $2,834/mt. By the end of the session, it fluctuated near $2,818/mt and finally closed higher at $2,812/mt, up $3.5/mt or 0.12%.