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Home / Metal News / SHFE lead opened lower overnight, LME lead market resumed trading on Tuesday [SMM Lead Morning Comment]

SHFE lead opened lower overnight, LME lead market resumed trading on Tuesday [SMM Lead Morning Comment]

Aug 27, 2024 09:50

Source:SMM

LME was closed on Monday due to the UK summer bank holiday and resumed trading on Tuesday.

Overnight, the most-traded SHFE lead 2409 contract opened lower at 17,750 yuan/mt, briefly touched a high of 17,795 yuan/mt at the beginning of the session, weakened to 17,570 yuan/mt as bulls reduced their positions, and closed at 17,640 yuan/mt, up 0.11%.

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SHFE lead opened lower overnight, LME lead market resumed trading on Tuesday [SMM Lead Morning Comment]

SMM Events & Webinars

2025 (20th) SMM Copper Industry Conference and Expo

APAC (9th) Stainless Steel Industry Conference 2024

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