Home / Metal News / [SMM Lead Morning Comment] Overseas inventories increase by more than 10,000 tons daily, and the upward path of LME lead has completely reversed

[SMM Lead Morning Comment] Overseas inventories increase by more than 10,000 tons daily, and the upward path of LME lead has completely reversed

iconMar 1, 2024 09:59
Source:SMM
Overnight, LME lead prices opened at US$2084.5/ton. LME lead stocks unexpectedly increased by more than 10,000 tons, recovering all the declines in the past week. Supressed by the US dollar, LME lead dropped to as low as US$2,056/ton, recovering slightly in late trading and finally closing at US$2,065/ton, a decrease of 1.03%.

SHANGHAI, Mar 1 (SMM) -

Overnight, LME lead prices opened at US$2084.5/ton. LME lead stocks unexpectedly increased by more than 10,000 tons, recovering all the declines in the past week. Supressed by the US dollar, LME lead dropped to as low as US$2,056/ton, recovering slightly in late trading and finally closing at US$2,065/ton, a decrease of 1.03%.

The most active SHFE 2404 lead contract prices opened at 15950 yuan/mt last evening and finally closed at 15935 yuan/mt, down 0.06%. Open interest decreased 562 lots to 44567 lots.

Market review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All