SMM Morning Meeting: LME Zinc Declines Amid Rise in Overseas Inventories

[SMM Morning Meeting Summary: Increase in Overseas Inventories, LME Zinc Pulls Back]

Overnight, LME zinc opened at $2,915/mt, with its center fluctuating around the daily moving average. During this period, it reached a high of $2,926.5/mt. As the European trading session began, bears increased their positions, driving LME zinc downward to a low of $2,845/mt. It eventually closed at $2,845/mt, down by $75/mt, a decline of 2.57%. Trading volume increased to 110,000 lots, and open interest rose by 920 lots to 231,000 lots...