SMM

LME zinc opened at $2546/mt last night, touching a low of $2477/mt. LME zinc closed down $50.5/mt or 1.98% at $2499/mt. The trading volume grew to 11369 lots, and open interest lost 3334 lots to 202,000 lots.  Overnight LME inventories once again increased sharply by 68,100 mt to 210,850 mt, an increase of 47.71%. This, combined with the rebound of the US dollar index and plunging crude oil weakened LME zinc.