[SMM Morning Meeting Summary: LME Zinc Under Pressure and Fluctuating Due to Tariff Uncertainty]
Overnight, LME zinc opened at $2,916/mt, then fluctuated rangebound near the daily moving average, reaching a high of $2,921.5/mt. Subsequently, LME zinc fluctuated downward to a low of $2,882.5/mt, before recovering part of the losses. The center fluctuated rangebound at $2,900/mt but then faced resistance and pulled back, ultimately closing down at $2,893/mt, a decrease of $18/mt or 0.62%. Trading volume decreased to 65,398 lots, and open interest fell by 1,999 lots to 220,000 lots.

![Zinco de Tianjin: Preços do zinco se recuperam, downstream permanece cauteloso [Comentário do meio-dia da SMM]](https://imgqn.smm.cn/usercenter/tAyyp20251217171754.jpg)
![Zinco em Guangdong: Centro de futuros sobe, mercado à vista permanece calmo [comentário do meio-dia da SMM]](https://imgqn.smm.cn/usercenter/XrnKf20251217171755.jpg)
