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Home / Metal News / Spot Market Improves Before Chinese New Year, LME Lead Rises 1.38% Overnight [SMM Lead Morning Brief]

Spot Market Improves Before Chinese New Year, LME Lead Rises 1.38% Overnight [SMM Lead Morning Brief]

iconJan 7, 2025 08:59
Source:SMM
[SMM Lead Morning Brief: Spot Market Improves Before Chinese New Year, Overnight LME Lead Rises by 1.38%] SMM, January 7: Overnight, LME lead opened at $1,925/mt, briefly touched a low of $1,924/mt at the beginning of the session before fluctuating upward, and reached a high of $1,955.5/mt during the European trading hours...

SMM January 7:

Overnight, LME lead opened at $1,925/mt, briefly touched a low of $1,924/mt in early trading before fluctuating upward. During the European session, LME lead reached a high of $1,955.5/mt and finally closed at $1,947.5/mt, up 1.38%.

Overnight, the most-traded SHFE lead 2502 contract opened higher with a gap at 16,795 yuan/mt, then fluctuated downward to a low of 16,705 yuan/mt. Supported by the upward movement of the US dollar, it rebounded and closed at 16,750 yuan/mt, up 0.09%.

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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