LME lead prices fell to a two-week low [SMM lead morning comments]

Published: Mar 20, 2024 09:59

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Overnight, LME lead prices opened at US$2,088/ton. LME lead inventory increased by 4,775 tons, approaching the 200,000 tons mark. At the same time, the U.S. dollar index continued to strengthen. Under dual pressure, LME lead prices fell to as low as US$2074/ton. The contract finally closed at $2095/mt, a rise of 0.36%.

SHANGHAI, Mar 20 (SMM) -

Overnight, the most active SHFE 2405 lead contract opened at 16260 yuan/mt. Due to the weaker trade, the prices lead dropped to a low of 16220 yuan/mt. The contract closed at 16260 yuan/mt, a gain of 0.12%. Open interest stood at 53125 lots, an increase of 1116 lots from the previous trading day.

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