LME Zinc Closes with Modest Gain, Bullish Candle Shows Long Upper Shadow Amid Tariff Uncertainties and Inventory Drawdown

[SMM Morning Meeting Summary: Tariff Disturbances Combined with Inventory Reduction, LME Zinc Recorded a Long Upper Shadow Bullish Candle]

Overnight, LME zinc opened at $2,808/mt. At the beginning of the session, LME zinc fluctuated around the daily moving average, briefly dipping to $2,801/mt. During European trading hours, bears reduced positions, and LME zinc quickly rose to a high of $2,846/mt. Entering the night session, LME zinc gradually pulled back below the daily moving average. By the end of the session, the center fluctuated around $2,810/mt, closing with a gain at $2,809.5/mt, up $1.5/mt or 0.05%. Trading volume increased to 108,000 lots, while open interest decreased by 3,271 lots to 230,000 lots.