SMM Morning Meeting: US Inflation Misses Estimates, Dragging LME Zinc Lower Despite Inventory Decline

[SMM Morning Meeting Summary: US Inflation Indicators Fell Short of Expectations Across the Board, LME Zinc Center Slightly Declined]

Last Friday, LME zinc recorded a long upper shadow bullish candlestick, with resistance formed by various moving averages above and support provided by the lower Bollinger Band below. LME zinc inventory decreased by 3,400 mt to 254,125 mt, a decline of 1.32%, marking a reduction in LME inventory. Last Friday, US inflation indicators fell short of expectations across the board, and expectations for an interest rate cut pulled back, causing the LME zinc center to slightly decline. The decrease in LME inventory is expected to lead LME zinc to maintain a fluctuating trend. Last Friday, SHFE zinc recorded a bearish candlestick with no upper shadow, with resistance formed by the 5-day and 20-day moving averages above...