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Home / Metal News / LME lead surged before falling [SMM lead morning comment]

LME lead surged before falling [SMM lead morning comment]

Apr 29, 2024 09:59

Source:SMM

Last Friday, LME lead opened at US$2,212.5/ton. With the weakening of the US dollar and the tight supply of ore, LME lead rose, reaching a high of US$2,245/ton, setting a new high in five months.

SHANGHAI, Apr 29 (SMM) - Last Friday, LME lead opened at US$2,212.5/ton. With the weakening of the US dollar and the tight supply of ore, LME lead rose, reaching a high of US$2,245/ton, setting a new high in five months. In the evening, LME lead inventories rose, once again approaching the 270,000-ton mark. And the dollar strengthened. LME lead prices fell and eventually closed at US$2,204 per ton, down 0.27%.

The most active SHFE 2406 lead contract prices opened at 17380 yuan/mt last Friday evening and finally closed at 17270 yuan/mt, up 0.38%. Open interest decreased 2040 lots to 56286 lots.

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