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SHFE Lead Fluctuated Sideways and Spot Market was Relatively Modest Yesterday_SMM

LME 3M contract opened at $2,035/mt yesterday and fell to the lowest point at $1,971/mt, then rebounded.  LME 3M contract continued to fall after hitting the highest point at $2,063/mt and finally closed at $1,971/mt, down 3.24%.

Spot Transactions were Poor as SHFE Lead Rose while LME Lead Fell Overnight_SMM

Futures: LME lead opened at $2,172.5/mt last night and fell 0.94% to $2,154.5/mt, with the highest and lowest prices at $2,197.5/mt and $2,145.5/mt respectively. The open interest decreased by 529 lots to 90,386 lots from the previous trading day. The most traded SHFE 2209 lead contract opened at 15,040 yuan/mt and rose by 0.7% to end at 15,130 yuan/m, after briefly hitting the lowest point at 15,025 yuan/mt and rising to the highest level at to 15,175 yuan/mt. The open interest decreased by 2,083 lots to 51,358 lots from the previous trading day.

Lead Prices Rebounded in the Short Term amid the Cost Support and the Decline in Supply_SMM

LME lead opened at $1,940.5/mt rose by 2.45% to $1,987/mt overnight after hitting the lowest point at 1,936.5/mt and rising to the highest point at $2,009.5/mt. The open interest increased by 21 lots to 91,384 lots from the previous trading day.

Lead Futures Declined and Spot Transactions were Poor as US Dollar Increased_SMM

Futures: LME lead opened at $2,106/mt and declined by 3.53% to $2,050/mt last Friday after hitting the highest point at $2,128.5/mt. The open interest decreased by 9 lots to 90809 lots from the previous trading day.

Lead Prices Stopped Declining amid Cost Support in the Spot Market_SMM

The LME lead opened at $2,092/mt and closed at $2,125/mt overnight, up 2.31%, after hitting the lowest level at $2,075.5/mt. The open interest decreased by 2037 lots to 90800 lots from the previous trading day. The most traded SHFE 2207 lead contract opened at 14,845 yuan/mt and rose by 0.54% to end at 14,960 yuan/m, after briefly hitting the lowest point at 14,820 yuan/mt and rising to the highest level at to 15,010 yuan/mt. The open interest decreased by 2396 lots to 56901 lots from the previous trading day.

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