LME Lead Morning Comment

SHANGHAI, Nov 6 (SMM) - LME lead prices opened at $2128/mt last Friday evening. Entering the European session, LME lead stocks unexpectedly dropped. LME lead rose strongly, reaching a maximum of US$2,174/ton, setting a new high in the past month, until it finally closed at US$2,172.5/ton in late trading, an increase of 2.09%.

The most active SHFE 2312 lead contract prices opened at 16670 yuan/mt last Friday evening and finally closed at 16635 yuan/mt, an increase of 0.51%. Open interest increased 141 lots to 16635 lots.