SMM

SHANGHAI, January 9 (SMM) –
LME lead opened at $2075.5/mt on Monday. During the Asian trading session, LME lead traded basically between $2,080-2085/mt. After entering the European session, economical concerns amid global political turmoil weighed down base metals. LME lead fell back to $2055.5/mt, and finally closed at $2064/mt, a decrease of 0.58%.
Overnight, the most-traded SHFE 2402 lead contract opened higher at 16,105 yuan/mt. The supply of secondary lead increased and the destocking of lead ingots slowed down. SHFE lead once fell to 16,070 yuan/mt at the beginning of the session. The contract finally closed at 16120 yuan/mt, an increase of 0.06%; its open interest reached 37991 lots, a decrease of 827 lots from the previous trading day.