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SMM Zinc Morning Comment

  • nov 03, 2023, at 9:52 am
Overnight, LME zinc opened at US$2,504.5/mt, then fluctuated around the daily moving average. During the European trading session, LME zinc moved up and hit a high of $2,538/mt. During the trading session, LME zinc quickly moved down to $2,480/mt, and reached a low of $2,473/mt, and finally closed down at $2,480/mt, down $17/mt, or 0.68%. The trading volume decreased by 6,109 lots to 10,092 lots, and open interest increased by 1541 lots to 200,000 lots. LME stocks fell by 500 mt to 82,200 mt, a decrease of 0.60%.
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