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Home / Metal News / LME and SHFE lead prices diverged

LME and SHFE lead prices diverged

Sep 19, 2023 10:20

Source:SMM

Overnight, LME lead prices opened at $2,261/mt and closed at $2247.5/mt, a decrease of 0.77%.

SHANGHAI, Sep 19 (SMM) - Overnight, LME lead prices opened at $2,261/mt and closed at $2247.5/mt, a decrease of 0.77%. During the Asian session, LME lead reaching as high as $2,270/mt. During the European session, LME lead stocks increased significantly, with the total amount exceeding the 60,000 mt mark. Prices fell to $2,226.5/mt.

The most active SHFE 2310 lead contract prices opened at 17150 yuan/mt overnight and finally closed at 17220 yuan/mt, up 0.35%, with the open interest down 867 lots to 86714 lots.

Market review

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LME lead prices inched down and finally closed at $2103.5/mt in overnight trading, down $25.5/mt, or 1.2%. The contract fell for three consecutive days.

Aug 15, 2023 10:20

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Data: SHFE, DCE market movement (Aug 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Aug 10, 2023

Aug 10, 2023 15:32

Analysis

Data: SHFE, DCE market movement (Aug 10)

[SMM Zinc Early Review July 20] LME zinc has delivered more than 20,000 tons of continuous warehouses, and the inventory has hit a high level in more than one year

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SMM Zinc Market Comment And Forecast (July 13)

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LME and SHFE lead prices diverged

SMM Events & Webinars

APAC TIN INDUSTRY CONFERENCE 2024

APAC (9th) Stainless Steel Industry Conference 2024

2024 SMM Middle East Secondary Metal Filed Trip