SHFE lead rebounds after hitting lows during overseas holiday period [SMM Lead Morning News]

Published: May 27, 2025 09:01

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[SMM Morning Lead News: SHFE Lead Rebounds After Hitting Low During Overseas Holiday Period] SMM reported on May 27: Overnight, the most-traded SHFE lead 2507 contract opened at 16,760 yuan/mt. With warrant inventory reversing the trend to accumulate, SHFE lead fluctuated downward at the beginning of the session...

SMM May 27 News:

Due to the UK bank holiday yesterday, the LME lead market was closed for the day and will resume normal trading today.

Overnight, the most-traded SHFE lead 2507 contract opened at 16,760 yuan/mt. As the inventory of lead warrants reversed its trend and increased cumulatively, SHFE lead fluctuated downward in the early session, reaching 16,745 yuan/mt. In the latter half of the trading session, following the strong rally in zinc prices, SHFE lead followed suit and rose again, trading above 16,800 yuan/mt. Ultimately, SHFE lead closed at 16,830 yuan/mt, down 0.06%, with its open interest reaching 45,638 lots, an increase of 1,306 lots from the previous trading day.

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