SMM Morning Meeting: Trump May Seek Immediate Rate Cut; LME Zinc Drops Three Days

[SMM Morning Meeting Summary: Trump Is Expected to Demand an Immediate Interest Rate Cut, LME Zinc Records Three Consecutive Losses]

Overnight, LME zinc opened at $2,892.5/mt, then quickly reached a session high of $2,894.5/mt. Subsequently, LME zinc plunged to $2,860/mt and fluctuated rangebound. During the European trading session, bulls reduced positions, causing LME zinc to decline further to a low of $2,839/mt. Later, LME zinc attempted to rebound but faced resistance and pulled back, ultimately closing lower at $2,844.5/mt, down $48.5/mt or 1.68%. Trading volume increased to 77,725 lots, while open interest decreased by 2,540 lots to 217,000 lots.