SMM

Overnight, LME zinc opened at $2454/mt, hitting a low and high of $2454/mt and $2525/mt respectively, and closed at $2483/mt, up $44/mt or 1.80%. Trading volume increased to 13071 lots, and open interest grew 2797 lots to 205,000 lots. LME zinc inventory dropped by 1025 mt or 0.49% to 210050 mt. U.S. retail sales in November recorded 0.3%, a new high since September this year, indicating that the U.S. economy maintains a moderate growth trend and concerns about economic recession have weakened. The number of initial jobless claims in the United States in the week ending December 9 was 202,000, lower than market expectations. The data showed the resilience of the U.S. economy, and the U.S. dollar index fell accordingly.