SMM

Overnight, LME zinc opened at US$2,432/ton and touched a high of US$2,467.5/ton. Prices hit a low of 2,412.5/mt at the end of the day, and finally closed up at 2,421.5/mt, up 3.5/mt, or 0.14%. The trading volume decreased by 1,313 lots to 10,935 lots, and the open interest decreased by 3,536 lots to 202,000 lots. LME inventory fell by 2,425 tons to 218,700 tons, a decrease of 1.10%. The retail sales of the Eurozone in October was lower than expected and recorded 0.1%, indicating that the economy is still in a weak state, and the US dollar index rose again during the night trading session, lowering LME zinc.