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LME and SHFE Lead Prices Hit 2-Week Lows

  • Nov 27, 2023, at 10:01 am
LME lead prices opened at $2218.5/mt last Friday and moved between $2220-2230/mt during Asian trading. Entering the European session, LME lead stocks increased again, reaching a nearly three-year high, and LME lead fell to as low as $2,190/mt, a new low in the past two weeks. At last, the contract closed at $2195/mt, down 0.97%.

SHANGHAI, Nov 27 (SMM) - LME lead prices opened at $2218.5/mt last Friday and moved between $2220-2230/mt during Asian trading. Entering the European session, LME lead stocks increased again, reaching a nearly three-year high, and LME lead fell to as low as $2,190/mt, a new low in the past two weeks. At last, the contract closed at $2195/mt, down 0.97%.

The most active SHFE 2401 lead contract prices opened at 16465 yuan/mt and dropped to a 2-week low of 16310 yuan/mt. The contract closed at 16310 yuan/mt, a decrease of 1.12%. Open interest stood at 74294 lots, a decrease of 1125 lots from the previous trading day.

  • Industry
  • Lead
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