Overnight Lead Futures Continued to Fluctuate Downward, LME Lead Recorded Three Consecutive Declines, SHFE Lead Closed Lower Again [SMM Lead Morning News]

Published: Dec 31, 2024 08:54

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[SMM Lead Morning News: Overnight Lead Futures Continued to Fluctuate Downward, LME Lead Recorded Three Consecutive Declines, SHFE Lead Closed Lower Again] SMM reported on December 31: Overnight, LME lead opened at $1,966.5/mt and finally closed at $1,946/mt, down $20/mt, a decrease of 1.02%. Overnight, the most-traded SHFE lead 2502 contract opened at 16,790 yuan/mt and closed at 16,775 yuan/mt, down 55 yuan/mt, a decrease of 0.33%.

SMM, December 31:

Overnight, LME lead opened at $1,966.5/mt. With bears increasing their positions, LME lead came under pressure from the intraday moving average, fluctuating downward to a low of $1,945/mt, and finally closed at $1,946/mt, down by $20/mt or 1.02%.
Overnight, the most-traded SHFE lead 2502 contract opened at 16,790 yuan/mt, briefly touching a high of 16,810 yuan/mt at the beginning of the session before weakening again to a low of 16,740 yuan/mt. It then rebounded to close at 16,775 yuan/mt, down by 55 yuan/mt or 0.33%.

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