SMM lead morning comments

Published: Nov 29, 2023 09:50

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Overnight, LME lead opened at $2166.5/mt. Dragged down by the LME lead inventory accumulation, LME lead prices inched lower, falling to as low as $2145/mt. At last, the contract closed at $2151.5/mt, down 0.49%.

SHANGHAI, Nov 29 (SMM) - Overnight, LME lead opened at $2166.5/mt. Dragged down by the LME lead inventory accumulation, LME lead prices inched lower, falling to as low as $2145/mt. At last, the contract closed at $2151.5/mt, down 0.49%.

The most traded SHFE 2401 lead contract opened at 16085 yuan/mt overnight and recorded a 3-month low of 15965 yuan/mt. SHFE lead finally closed at 16050 yuan/mt, down 0.53%. The open interest was down 1106 lots to 72302 lots.

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