Long Positions' Willingness Declines, SHFE Lead Fluctuates Downward [Lead Futures Brief Review]

SMM, January 14, 2025

— During the day, the most-traded SHFE lead 2502 contract opened at 16,480 yuan/mt. Due to long liquidation, it fluctuated downward after the opening, hitting a low of 16,420 yuan/mt. It slightly rebounded at the close, finally settling at 16,520 yuan/mt, down 0.54%, with an open interest of 34,999 lots. Downstream purchasing willingness was low, as some battery producers were preparing to enter the Chinese New Year holiday. The market saw weak supply and demand, with declining long positions, and SHFE lead fluctuated downward.

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