SMM

LME zinc opened at $2640/mt yesterday evening, and hit a high of $2644/mt before falling back to $2555/mt, and closed at $2574/mt, a decrease of $63.5/mt or 2.41%. The trading volume increased to 14572 lots, and open interest added 1353 lots to 204,000 lots. LME zinc inventory increased by 65075 mt or 95.5% to 133200 mt. The large delivery of LME zinc positions suppressed the optimism brought about by previous mine production cuts. Currently, the overseas zinc market supply is still ample, and LME zinc is under pressure.