SMM Lead Morning Comments

Published: Jan 11, 2024 10:03

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Overnight, LME lead prices opened at US$2,056/ton, reaching a maximum of US$2,091.5/ton, and finally closed at US$2,083/ton, an increase of 1.21%.

Overnight, LME lead prices opened at US$2,056/ton, reaching a maximum of US$2,091.5/ton, and finally closed at US$2,083/ton, an increase of 1.21%.
SHFE 2402 lead contract prices opened at 16415 yuan/mt last evening and finally closed at 16385 yuan/mt, up 0.64%. Open interest decreased 2900 lots to 34547 lots. In addition, the open interest of SHFE 2403 contract rose rapidly to 48,900 lots.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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