SMM Lead Market Morning Comment (July 11)

Published: Jul 11, 2024 09:41
Source: SMM
Overnight, LME lead opened at $2,195/mt, and continued its downward trend, hitting a low of $2,175.5/mt, and closed at $2,177.5/mt, down $17.5/mt, a decrease of 0.8%.

Overnight, LME lead opened at $2,195/mt, and continued its downward trend, hitting a low of $2,175.5/mt, and closed at $2,177.5/mt, down $17.5/mt, a decrease of 0.8%.

Overnight, the most-traded SHFE 2408 lead contract opened at 19,455 yuan/mt. After reaching a high of 19,520 yuan/mt at the beginning of the session, it fluctuated downward and closed at 19,370 yuan/mt, down 110 yuan/mt, a decrease of 0.56%.

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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SMM Lead Market Morning Comment (July 11) - Shanghai Metals Market (SMM)