SMM zinc morning comment
- nov 30, 2023, at 9:54 am
Overnight, LME zinc opened at $2542/mt and closed down $40.5/mt or 1.6% at $8584/mt. The trading volume was 8584 lots, and open interest lost 4395 lots to 203,000 lots. The pressure in this year's heating season has been greatly reduced compared with previous years. There is little news about production cuts and overseas supply is stable. However, the market sentiment is unstable.
