SMM

Overnight, LME zinc prices opened at US$2,621/ton and touched a high of US$2,622/ton. Entering the night trading session, LME zinc prices moved rapidly downwards and tested as low as 2,562 US dollars/ton, and finally closed down at 2,590 US dollars/ton, down 22 US dollars/ton, or 0.84%. The trading volume decreased by 1,270 lots to 9,084 lots, and the open interest increased by 1,672 lots to 202,000 lots. LME inventory increased by 100 tons to 223325 tons, an increase of 0.04%. The minutes of the Federal Reserve meeting showed that the urgency of cutting interest rates was downplayed, and Federal Reserve officials said that a soft landing of the economy was more likely. The U.S. dollar index rose again.