Macro Overlay Fundamentals Boosted LME Lead To A New High In Nearly 7 Months

Overnight, LME lead prices opened at $2185.5/mt, with the high-end of $2213/mt, the highest in seven months. Prices closed at $2,171/mt, a decrease of 0.62%.

The most active SHFE 2310 lead contract prices opened at 16310 yuan/mt with the high-end of 16400 yuan/mt, and finally closed at 16325 yuan/mt, up 0.4%. Open interest were up 124 lots to 102,000 lots.