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Lead Futures Prices Rose and the Transactions were Poor amid the Wait-and-see Sentiment_SMM

Futures: LME lead opened at $1,935/mt overnight and rose slightly during the Asian trading hours. During the European trading hours, the US dollar index further declined and LME lead closed at $1,977.5/mt after hitting the highest point of $2,004/mt, up 1.99%. 

Sateri joins the Voluntary Pollution Reduction and Carbon Reduction Alliance of Enterprises in Jiangxi Province

SHANGHAI, July 6, 2022 /PRNewswire/ Sateri, the largest producer of viscose fibre in the world, a member of the Royal Golden Eagle ("RGE") group of resource-based manufacturing companies founded by Sukanto Tanoto, joined the Jiangxi Provincial Enterprise Voluntary Pollution Reduction and Carbon Reduction Alliance ("Alliance"). Together with Jiangxi Copper Group, Jiangxi Building Materials Group Co., Ltd., China Huaneng Group (Jiangxi branch), State Power Investment Corporation, Jiangxi Fangda Steel Group, China Petroleum & Chemical Corporation (Jiujiang branch) and other key enterprises within the Jiangxi Province, the Alliance was established in conjunction with China's celebration of the 10th National Low-carbon Day on 15 June 2022. Supported by theDepartment of Ecology and Environment of Jiangxi Province, the Alliance aims to promote the reduction of pollution and carbon independently through the sharing of technology, resources and information among ke

SHFE Lead Fell Below 15,000 yuan/mt and the Downstream Purchased as needed_SMM

LME lead opened at $1,937/mt and closed at $1,945/mt overnight, up 0.78%, after hitting the lowest point of $1,909.5/mt and the highest point of $1,960/mt.  The most-traded SHFE 2208 lead contract opened at 15,045 yuan/mt and fell to 14,955 yuan/mt in the early stage, but then rebounded and closed at 15,025 yuan/mt amid the increase of LME lead, a decrease of 0.13%.

Lead Futures Continued to Fall Overnight and the Spot Transactions were Modest_SMM

LME lead opened at $1,927/mt and fell by 0.39% to $1,921.5/mt overnight after hitting the highest point of $1,946/mt and the lowest point of $1,883/mt. The open interest increased by 650 lots to 93,646 lots from the previous trading day.

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

LME lead opened at $1,975.5/mt and fell by 2.18% to $1,929/mt after hitting the highest point of $1,981.5/mt and the lowest point of $1,923.5/mt. The open interest increased by 124 lots to 92,996 lots from the previous trading day.

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