LME and SHFE lead prices diverged

Published: Sep 19, 2023 10:20

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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.

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