SMM Summary: Intl Tensions Ease, LME Zinc Shows Bullish Trend Despite Slight Close Down

[SMM Morning Meeting Summary: International Tensions Show Signs of Easing, LME Zinc Records a Bullish Candle]

Last Friday, LME zinc opened at $2,917.5/mt. At the beginning of the session, LME zinc edged upward, reaching a high of $2,940/mt. Subsequently, it fluctuated downward, hitting a low of $2,881.5/mt. During the European trading session, bulls increased their positions, driving LME zinc to rebound and climb steadily. It eventually closed lower at $2,920/mt, down by $3/mt or 0.10%. Trading volume decreased to 71,886 lots, while open interest increased by 2,715 lots to 230,000 lots.