Lead Futures Prices Fall Slightly Approaching Fed’s Interest Rate Hike

SHANGHAI, Mar 22 (SMM) - LME lead opened at $2,109/mt last night and fell 0.38% to $2,107.5/mt, with the highest and lowest prices at $2,134.5/mt and $2,076/mt respectively. The open interest rose 3 lots to 105,000 lots, and trading volume increased 2,149 lots to 5,817 lots.

The most-traded SHFE 2304 lead contract opened at 15,435 yuan/mt and closed at 15,340 yuan/mt, down 0.13%, after briefly hitting the lowest point at 15,320 yuan/mt. Open interest fell 4,032 lots to 25,863 lots, and trading volume declined 18,963 lots to 17,382 lots.