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Bears Reduced Positions, SHFE Lead Stabilized, Recorded Two Consecutive Gains Today [Lead Futures Brief Review]
Jan 16, 2025, at 8:10 am
[SMM Lead Futures Brief Review] During the day, the most-traded SHFE lead 2502 contract opened at 16,555 yuan/mt, fluctuated upward after the opening, peaked at 16,660 yuan/mt by the end of the session, and finally closed at 16,645 yuan/mt, up by 0.36%, with an open interest of 27,070 lots...
SMM, January 16, 2025:
During the day, the most-traded SHFE lead 2502 contract opened at 16,555 yuan/mt, fluctuated upward after the opening, peaked at 16,660 yuan/mt near the close, and finally settled at 16,645 yuan/mt, up 0.36%, marking the second consecutive daily gain, with an open interest of 27,070 lots. Market rumors suggest that large battery producers are expected to operate at full capacity after the Chinese New Year, which to some extent prompted bears to reduce their positions. The SHFE lead prices remained stable today.
