SHFE Lead Rebounds After Hitting a Low, Surges Significantly During the Day [Brief Review of Lead Futures]

Published: Jan 22, 2025 16:20

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[SMM Lead Futures Brief Review] During the day, the most-traded SHFE lead 2503 contract opened at 16,655 yuan/mt. SHFE lead rebounded after hitting a low, with bulls increasing positions, pushing the price to a high of 16,830 yuan/mt in the afternoon. It finally closed at 16,780 yuan/mt, with no change in price, and the open interest stood at 47,165 lots...

SMM, January 22, 2025

The most-traded SHFE lead 2503 contract opened at 16,655 yuan/mt, rebounded after hitting a low, and rose as bulls increased positions, peaking at 16,830 yuan/mt in the afternoon before closing at 16,780 yuan/mt, with no change in price. Open interest stood at 47,165 lots. With the strong Chinese New Year atmosphere, trading in the spot market was sluggish, and some suppliers offered discounts to clear inventory. In the short term, lead prices are expected to fluctuate rangebound before the holiday.

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