SMM Lead Market Morning Comment (Mar 5)

Published: Mar 5, 2024 10:14

Source: SMM

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LME lead opened at $2,039.5/mt on Monday, hitting a low of $2,031/mt, but hiked to a high of $2,057.5/mt amid falling US dollar index and non-ferrous metal price gain, and finally closed up $17.5/mt or 0.86% at $2,055.5/mt.

Overnight, the most-traded SHFE 2403 lead contract opened at 15,955 yuan/mt, hitting its high of 16,010 yuan/mt and low of 15,950 yuan/mt, and finally closed up 15 yuan/mt or 0.09% at 16,000 yuan/mt.

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