SMM

Overnight, LME zinc opened at $2,463/mt. During the European trading session, LME zinc moved up and reached a high of $2,471/mt. In the night session, LME zinc tested as low as $2,417/mt. It finally closed down at $2,417.5/mt, down $49/mt, or 1.99%. The trading volume increased by 1,181 lots to 7,149 lots. Open interest decreased by 1,917 lots to 198,000 lots. LME zinc inventories increased by 2,926 tons to 84,525 tons, an increase of 3.58%. The CPI in the Eurozone in October was lower than expected and recorded 0.1. European inflation data cooled down and GDP shrank month-on-month.