SMM Morning Comment For Lead Market (Feb 19)

Telah Terbit: Feb 19, 2024 10:06
Sumber: SMM
SHANGHAI, Feb 19 (SMM) –LME lead price first declined and then rose during the CNY holiday.

SHANGHAI, Feb 19 (SMM) –LME lead price first declined and then rose during the CNY holiday. It opened at $2,052.5/ton on February 9. During the week, LME Singapore lead stocks increased by 4,500 tons, which sent LME lead price to $1,994.5/ton, setting a new low in the past six months. In the second half of the week, as the market's expectations for post-holiday consumption increased, LME lead rebounded. It touched a high of $2,073.5/ton last Friday and finally closed at $2,070/ton, an increase of 1.07%. During the traditional Spring Festival holiday from February 9 to February 18, 2024, the SHFE was closed.

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SMM Morning Comment For Lead Market (Feb 19) - Shanghai Metals Market (SMM)