SMM zinc morning comment
- Des 01, 2023, at 9:57 am
Overnight, LME zinc opened at $2500/mt and closed down $25/mt or 1% at $2472.5/mt. The trading volume was 11605 lots, and open interest increased 1189 lots to 204,000 lots. The strong macro data has repeatedly emphasized the bearish sentiment in the context of interest rate hikes, putting upward pressure on the market in the short term.
