LME lead prices hovered at highs [SMM Lead Morning Comment]

Published: Apr 12, 2024 10:00

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Overnight, LME lead prices opened at $2162.5/mt overnight. The contract finally closed at $2141/mt, a decrease of 0.76%.

SHANGHAI, Apr 12 (SMM) - Overnight, LME lead prices opened at $2162.5/mt overnight. The contract finally closed at $2141/mt, a decrease of 0.76%.

Overnight, the most active SHFE 2406 lead contract opened at 16690 yuan/mt. Due to the growth in lead warrants inventory, SHFE lead dropped to a low of 16615 yuan/mt. The contract closed at 16645 yuan/mt, a decrease of 0.48%. Open interest stood at 62791 lots, an increase of 1996 lots from the previous trading day.

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