SHFE Lead Trading Significantly Slowed Down During the Year-End Period [SMM Lead Morning News]

Published: Dec 26, 2024 09:01

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[SMM Lead Morning Brief: SHFE Lead Trading Significantly Weakens at Year-End] SMM, December 26: Overnight, the most-traded SHFE lead 2502 contract opened at 17,350 yuan/mt. As the year-end approaches, market trading further weakened, with trading volume and open interest continuing to shrink...

SMM, December 26:

Due to the Christmas holiday, multiple exchanges in the European and US markets were closed, and the LME was also in a non-trading state.

Overnight, the most-traded SHFE lead 2502 contract opened at 17,350 yuan/mt. As the year-end approached, market trading activity further weakened, with trading volume and open interest continuing to shrink. SHFE lead mostly consolidated around 17,350 yuan/mt before finally closing at 17,355 yuan/mt, down by 0.17%. Its open interest stood at 55,378 lots, a decrease of 1,624 lots compared to the previous trading day.

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