SHANGHAI, Mar 9 (SMM) - Overnight, LME lead opened at $2,090/mt. In recent days, economic events and data such as the US hearings, the Fed’s Beige Book and the number of ADP employment have been released. As the US dollar fell after surging, prices of base metals rebounded after hitting low. LME lead fell slowly after touching $2,070/mt, and finally closed at $2,089/mt, an increase of 0.12%.
The most traded SHFE 2304 lead contract opened at 15,210 yuan/mt overnight and fell to 15,155 yuan/mt. SHFE lead rebounded as the primary lead was more cost-effective. SHFE lead finally closed at 15,175 yuan/mt, down 0.07%, with the open interest up 3,461 lots to 66,946 lots.
