After a Sharp Decline, LME Lead Rebounded Overnight; the Most-Traded SHFE Lead Contract Also Fluctuated Downward [SMM Lead Morning News]

Published: Jan 10, 2025 08:02

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[SMM Lead Morning Brief: LME Lead Rebounded After a Sharp Drop Overnight, While the Most-Traded SHFE Lead Contract Also Fluctuated Downward] SMM January 10 News: Overnight, LME lead opened at $1,934/mt, fluctuated upward during the Asian session; reached a high of $1,949/mt in the European session before plunging, and rebounded after dipping to $1,917/mt at the close...

SMM January 10:

Overnight, LME lead opened at $1,934/mt, fluctuated upward during the Asian session, reached a high of $1,949/mt in the European session before plunging, dipped to $1,917/mt at the end of the session, then rebounded to close at $1,936.5/mt, up by 0.31%.

Overnight, the most-traded SHFE lead 2502 contract opened lower with a gap at 16,440 yuan/mt, briefly touched a high of 16,470 yuan/mt at the beginning of the session before fluctuating downward, hit a low of 16,305 yuan/mt, and slightly rebounded at the end of the session to close at 16,380 yuan/mt, down by 1.15%.

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