SHFE Lead Prices Rise amid Weak LME Lead Prices

SHANGHAI, Feb 22 (SMM) - LME lead opened at $2,161/mt and closed at $2,146.5/mt overnight, down 1.04%. During the Asian trading hours, LME lead fell slowly as the US dollar index stopped increasing sharply. During the European trading hours, LME lead hovered sideways and hit the highest point at $2,171.5/mt and the lowest point at $2,126/mt. Open interest fell 11,126 lots to 103,000 lots, and trading volume rose 138 lots to 5,119 lots

The most-traded SHFE 2303 lead contract opened at 15,405 yuan/mt and closed at 15,395 yuan/mt, up 0.23%, after briefly hitting the highest point at 15,445 yuan/mt and the lowest point at 15,375 yuan/mt. Open interest fell 6,510 lots to 34,009 lots, and trading volume declined 41,555 lots to 21,583 lots.