Overnight, LME lead opened at $2156/mt. Dragged down by SHFE lead, LME lead prices inched lower. Prices fell to as low as $2126/mt as LME lead inventory increased by nearly 6,000 mt. At last, the contract closed at $2142/mt, down 0.44%.
Overnight, the most active SHFE 2401 lead contract opened at 15965 yuan/mt. Due to the growth in lead warrants inventory, SHFE lead dropped to 15825 yuan/mt, refreshing a new low since August 15, 2023. The contract closed at 15850 yuan/mt, an decrease of 1.22%. Open interest stood at 69216 lots, a rise of 144 lots from the previous trading day.
SMM lead morning comment
- Nov 30, 2023, at 9:53 am
Overnight, LME lead opened at $2156/mt. Dragged down by SHFE lead, LME lead prices inched lower. Prices fell to as low as $2126/mt as LME lead inventory increased by nearly 6,000 mt. At last, the contract closed at $2142/mt, down 0.44%.
