SMM Lead morning comments

Published: Oct 20, 2023 10:03

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LME lead opened at $2092.5/mt last evening, and fell due to stock accumulation. The contract finally closed at $2,091.5/mt, an increase of 0.05%.

SHANGHAI, Oct 20 (SMM) - LME lead opened at $2092.5/mt last evening, and fell due to stock accumulation. The contract finally closed at $2,091.5/mt, an increase of 0.05%.

Overnight, the most active SHFE 2311 lead contract prices opened at 16475 yuan/mt. Boosted by the reduction in lead warrants inventory by nearly 20,000 mt, SHFE lead reached a maximum of 16560 yuan/mt. The contract closed at 16500 yuan/mt, an increase of 0.43%. Open interest stood at 63568 lots, a decrease of 2560 lots from the previous trading day.

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