SMM

LME zinc opened at $2486.5/mt last Friday evening, and hit a high of $2543/mt before closing at $2531.5/mt, an increase of $48.5/mt or 1.95%. The trading volume decreased to 10459 lots, and open interest decreased 1124 to 204,000 lots. LME zinc rose for five consecutive days last week. LME zinc stocks fell by 1575 mt or 0.75% to 208475 mt. Last Friday, boosted by macroeconomic sentiment due to expectations of an interest rate cut by the Federal Reserve.