LME Zinc Rallies as Overseas Inventories Decline Further

Published: Dec 25, 2024 08:45

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[SMM Morning Meeting Summary: Overseas Inventories Continue to Decline, LME Zinc Posts a Bullish Candle]
Overnight, LME zinc posted a bullish candle, with resistance formed at the middle Bollinger Band and support provided by the lower Bollinger Band. Overnight, LME zinc inventory decreased by 3,025 mt to 248,950 mt, a decline of 1.20%, marking a reduction in LME inventory. Currently, the continuous decrease in LME inventory is expected to provide some support for zinc prices. Today, LME zinc is closed for Christmas. Overnight, SHFE zinc also posted a bullish candle...

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