LME lead pulled back in the tail end of overnight trading, while SHFE lead strengthened slightly [SMM Morning Lead News]

SMM News on June 5:

Overnight, LME lead opened at $1,985/mt, rising slightly during the Asian session. Entering the European session, it first dipped and then rallied to a high of $1,994.5/mt, before dipping to a low of $1,979.5/mt shortly before the close. It finally closed at $1,984/mt, down $2/mt or 0.1%.

Overnight, the most-traded SHFE lead 2507 contract opened at 16,680 yuan/mt, consolidating horizontally near the 16,700 yuan/mt level under pressure in the early session. It then rose to a high of 16,765 yuan/mt, before experiencing a slight correction and finally closing at 16,725 yuan/mt, up 90 yuan/mt or 0.54%.