Bets on the Fed's interest rate cut in March decreased, macroeconomic sentiment is negative for zinc prices [SMM zinc morning comment]
- Feb 01, 2024, at 10:01 am
Overnight, LME zinc opened at US$2,562.5/ton with the low-end of US$2,515/ton. It finally closed down at US$2,528/ton, down US$40/ton, or 1.56%. The trading volume increased to 10,439 lots, and the open interest increased by 1,858 lots to 217,000 lots.
