SMM lead morning comment

Published: Nov 30, 2023 09:53

Save

Overnight, LME lead opened at $2156/mt. Dragged down by SHFE lead, LME lead prices inched lower. Prices fell to as low as $2126/mt as LME lead inventory increased by nearly 6,000 mt. At last, the contract closed at $2142/mt, down 0.44%.
Overnight, the most active SHFE 2401 lead contract opened at 15965 yuan/mt. Due to the growth in lead warrants inventory, SHFE lead dropped to 15825 yuan/mt, refreshing a new low since August 15, 2023. The contract closed at 15850 yuan/mt, an decrease of 1.22%. Open interest stood at 69216 lots, a rise of 144 lots from the previous trading day.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

29 mins ago

Secondary Refined Lead Prices Reach 15,350 Yuan/mt, Buyers Resist Higher Rates

[Secondary Lead Market Update] Today, the mainstream transaction prices for secondary refined lead on an ex-factory, tax-exclusive basis were 15,350 yuan/mt, while downstream buyers found the ex-factory price of 15,400 yuan/mt difficult to accept.

29 mins ago

3 hours ago

Imported Refined Lead Arrivals Increase, Smelters Add New Maintenance Plans in April, Lead Prices Are Expected to Maintain a Fluctuating Trend in the Short Term [Brief Commentary on Lead Futures]

3 hours ago

4 hours ago

Data: SHFE, DCE market movement (Mar 31)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 31 Mar , 2026

4 hours ago