SMM Morning Meeting: US Jobless Claims Drop, Zinc Prices Fluctuate Amid Tight Market

[SMM Morning Meeting Summary: Initial Jobless Claims Below Expectations, Zinc Prices May Maintain Fluctuating Trend]

Overnight, LME zinc was closed for the Christmas holiday. Initial jobless claims in the US last week came in below expectations; however, the US dollar index remained near a two-year high. LME zinc is expected to maintain a fluctuating trend. Overnight, SHFE zinc recorded a bearish candlestick, with the upper Bollinger Band forming resistance and various moving averages below providing support. Although imported zinc ingots are gradually flowing into the domestic market, the current spot market remains relatively tight, which is expected to provide some support for zinc prices...