Overnight, LME lead prices opened at $2144/mt, Entering the European session, LME lead stocks turned to a downward trend, with a daily decrease of nearly 3,000 mt. The contract dropped to a low of $2,121/mt, once again set a new low in the past month. At last, the contract closed at $2127/mt, down 0.7%.
The most-traded SHFE 2401 lead contract opened at 15825 yuan/mt in overnight trading, with the high-end of 16015 yuan/mt. The price reached as low as 15,755 yuan/mt, setting a new low since July 21, 2023. The contract closed at 15800 yuan/mt, a decrease of 0.44%. Open interest stood at 64576 lots, a decrease of 3090 lots from the previous trading day.
SMM Lead Morning Comments
- Dec 01, 2023, at 9:57 am
Overnight, LME lead prices opened at $2144/mt, Entering the European session, LME lead stocks turned to a downward trend, with a daily decrease of nearly 3,000 mt. The contract dropped to a low of $2,121/mt, once again set a new low in the past month. At last, the contract closed at $2127/mt, down 0.7%.
