US Dollar Index Strengthens, LME Zinc Decline Continues [SMM Zinc Morning Meeting Summary]
- Jan 09, 2025, at 8:44 am
[SMM Zinc Morning Meeting Summary: US Dollar Index Strengthens, LME Zinc Decline Continues]: Overnight, LME zinc recorded a bearish candlestick, with the 5-day moving average forming resistance. LME zinc inventory decreased by 4,000 mt to 220,525 mt, a decline of 1.78%. The uncertainty of US tariff policies continues to disrupt the market, the US dollar index keeps strengthening, and zinc prices remain under pressure, with the decline in LME zinc persisting...