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  Insufficient fundamental support, SHFE zinc in the doldrums [SMM zinc morning comment]

  [SMM Morning Comment on Zinc: Insufficient Fundamental Support, SHFE Zinc in the Doldrums] Overnight, LME zinc opened at $2,706/mt. After opening, LME zinc rose steadily, reaching a high of $2,730/mt during the mid-session. It then pulled back from highs and continued to decline, hitting a low of $2,692/mt near the close. It eventually closed down at $2,704/mt, down $7.5/mt or 0.28%. Trading volume decreased to 9,128 lots, while open interest fell by 521 lots to 213,000 lots...

• Poor US data supports copper prices, but there is still resistance to the upside [SMM Morning Comment on Copper]

• Market continues to focus on trade negotiations, LME zinc maintains fluctuating trend [SMM Zinc Morning Meeting Summary]

  [SMM Zinc Morning Meeting Summary: Market Continues to Focus on Trade Negotiations, LME Zinc Maintains Fluctuating Trend]: Overnight, LME zinc opened at $2,706/mt. After opening, LME zinc rose steadily, reaching a high of $2,730/mt during the midday session, before pulling back from highs and declining all the way. It touched a low of $2,692/mt near the end of the session, eventually closing down at $2,704/mt, down $7.5/mt or 0.28%. Trading volume decreased to 9,128 lots, while open interest fell by 521 lots to 213,000 lots···

• US Stock Market Close: Major Indices Mixed, Chinese ADRs Generally Rise, Alibaba Up Nearly 4%

• US dollar declines, base metals show mixed performance, with SHFE tin and LME tin leading gains, and ferrous metals series all rise [[Overnight market]]