SMM

Last evening, LME zinc prices opened at $2529/mt and went up to close at $2538.5/mt, up $7/mt or 0.28%. Trading volume decreased to 9728 lots, and open interest increased 1241 lots to 205,000 lots.  LME zinc inventory decreased by 2525 mt to 205950 mt, a drop of 1.21%. Inventories continue to be reduced and macro dovish sentiment continues.