LME lead opened at $2030/mt and consolidated sideways in Asian trading hours yesterday, falling to $2016/mt during the European trading hours. It finally closed at $2017/mt, down $8/mt or 0.4%, falling for 14 consecutive days.
Overnight, the SHFE 2401 lead contract opened at 15,525 yuan/ton, reaching a low of 15,420 yuan/ton. The weighted total positions increased slightly from 1,058 lots to 109,000 lots. The contract finally closed at 15,425 yuan/ton, down 95 yuan/ton, or 0.61%.
SMM Lead Morning Comments
- Dec 08, 2023, at 9:59 am
LME lead opened at $2030/mt and consolidated sideways in Asian trading hours yesterday, falling to $2016/mt during the European trading hours. It finally closed at $2017/mt, down $8/mt or 0.4%, falling for 14 consecutive days.
