SHFE Lead Prices Fell For Two Consecutive Days

Published: Sep 26, 2023 17:42

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Today, SHFE 2311 lead contract prices opened at 16765 yuan/mt and closed down 1.08% at 16760 yuan/mt. Open interest increased by 9334 lots from the previous trading day to 95280 lots, and trading volumes fell 53279 lots to 166,000 lots.

Most downstream companies have completed pre-holiday stockpiling. The supply of goods circulating in the spot market decreased, and the quotations of sellers are firm. Market trading was light.

The most-traded SHFE lead contract will move rangebound in the short term on a stable macro front.

Market review

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