SMM lead morning comments

Published: Oct 10, 2023 10:06

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LME lead prices opened at $2137/mt and closed at $2123.5/mt in overnight trading, down 0.82%. Entering the European session, the International Lead and Zinc Research Group (ILZSG) stated that there is an excess supply of refined lead globally, and LME lead dropped to as low as $2,120.5/mt.

The most traded SHFE 2311 lead contract opened at 16545 yuan/mt and closed at 16545 yuan/mt, down 1.16%, after briefly hitting the highest point at 16630 yuan/mt and the lowest point at 16490 yuan/mt.

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