ADP Data Below Expectations, LME Zinc Maintains Fluctuating Trend [SMM Morning Meeting Minutes]
[SMM Morning Meeting Summary: ADP Data Below Expectations, LME Zinc Maintains Fluctuating Trend] Overnight, LME zinc opened at $3,542/mt. In early trading, the price briefly touched a high of $3,551.5/mt; subsequently, the futures came under pressure and pulled back, dipping to $3,476/mt during the session. Entering the night session, LME zinc rose above the daily average line; however, lacking upward momentum, it then drifted lower, slowly moving lower towards the close, finally closing down at $3,492/mt, down $59.5/mt, a decline of 1.68%. Trading volume decreased to 97,682 lots, while open interest increased by 3,263 lots to 266,000 lots.