LME Zinc Drops Amid US Tariff Hike Concerns During Chinese New Year Holiday

[SMM Zinc Holiday Market Review: US Tariff Hike Triggers Demand Concerns, LME Zinc Center Moves Downward]

During the domestic Chinese New Year holiday, LME zinc fluctuated downward, with the futures market center continuously moving downward. The middle track of the Bollinger Bands consistently exerted pressure. The market's demand concerns were triggered by the US raising tariffs on Canada and Mexico, causing LME zinc to weaken further, hitting a low of $2,706/mt on February 3. Later, the US announced a one-month postponement of the tariff hike, alleviating some demand concerns. The LME zinc center rebounded, and as of Tuesday's close, LME zinc settled at $2,812/mt, up $3.5/mt, an increase of 0.12%...