[SMM Morning Meeting Summary: Tariff Disturbances Persist, LME Zinc Center Moves Upward]
Last Friday, LME zinc opened at $2,807/mt. At the beginning of the session, bulls reduced their positions, and LME zinc trended downward, hitting a low of $2,772/mt during European trading hours. Subsequently, bears took profits and exited, causing LME zinc to fluctuate upward, reaching a high of $2,814.5/mt during the night session. Later, the center gradually pulled back to near the daily moving average, ultimately closing lower at $2,798/mt, down by $11.5/mt or 0.41%. Trading volume increased to 11,290 lots, while open interest decreased by 3,902 lots to 226,000 lots.
