SHANGHAI, Jun 5 (SMM) – LME lead opened at $2,100.5/mt last Friday, and rebounded above $2,030/mt as the US dollar softened amid expectations that the US would pause interest rate hike. LME lead closed up 1.44% at $2,036/mt. The most-traded SHFE 2307 lead contract opened at 15,070 yuan/mt at last Friday’s night session. Growing lead ingot stocks at delivery warehouses curbed gains of lead prices. The contract closed up 0.3% at 15,095 yuan/mt. Open interest fell 1,357 lots to 58,212 lots.

More popular news

Fitch Says Falling Commodity Demand Causes Industrial Production To Cool Rapidly And Softer Commodity Prices Such As Copper Are Clear Signs Of Economic Slowdown

Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment 

ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Key Negative Developments In China

One Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On Nev And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate Prices

BHP Plans To Expand Iron Ore Production Aggressively

South China Battles Power Crisis, The Worst This Year

Tesla to Compete with Chinese NEV Rivals Using Redesigned Model 3 Soon, China Has Become Tesla's Second Largest Market after the US