Lead’s three-month price was at $2,039.50 per tonne just before 9:30am, a 0.9% increase from its closing price on Tuesday.
The metal fell by 1.7% on Monday to $1,966 per tonne at 5pm and rebounded to a closing price of $2,021 per tonne, a 2.7% rise, on Tuesday.
There was a fresh cancellation of 725 tonnes of lead on Wednesday morning, largely from Italian LME warehouse stocks in Livorno (600 tonnes) and Genova (100 tonnes).
On-warrant lead stock has decreased to 74,375 tonnes from 80,950 tonnes on the first trading day...
