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Home / Metal News / LME Zinc Center Pulls Back, Focus on Domestic Fundamentals Performance [SMM Zinc Morning Comment]

LME Zinc Center Pulls Back, Focus on Domestic Fundamentals Performance [SMM Zinc Morning Comment]

iconOct 9, 2025 08:40
[SMM Zinc Morning Comment] Overnight, the LME zinc contract opened at $3,043/mt, immediately touched a high of $3,047.5/mt after opening, then fluctuated downward below the daily average line, and hit a low of $2,993.5/mt toward the end of the session. It finally closed down at $2,995/mt, falling by $46.5/mt, a decline of 1.53%. The trading volume increased to 118,000 lots, and the open interest rose to 224,000 lots.

SMM Oct. 9 news:

       Overnight, the LME zinc contract opened at $3,043/mt. After opening, it immediately touched a high of $3,047.5/mt, then fluctuated downward below the daily average line. By the end of the session, it hit a low of $2,993.5/mt and finally closed down at $2,995/mt, falling $46.5/mt or 1.53%. Trading volume increased to 118,000 lots, and open interest rose to 224,000 lots. On October 8, LME zinc inventory increased by 50 mt to 38,250 mt, up 0.13%. Overnight, LME zinc recorded a large bearish candlestick, with the upper Bollinger Band exerting pressure. Trump announced the signing of the first phase of a Gaza ceasefire agreement between Israel and Hamas, leading to improved macro sentiment and weaker safe-haven demand. The US dollar index continued to strengthen, putting some pressure on zinc prices, and LME zinc moved lower.

       Overnight, SHFE zinc was closed due to the holiday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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