Overnight SHFE lead continued to fluctuate and consolidate, while LME lead closed slightly lower. SHFE lead formed a doji [SMM Lead Morning Brief]

SMM February 27 news:

  Overnight, LME lead opened at $1,987.5/mt, consolidating around the daily average during Asian trading hours. Entering European hours, it rose to a high of $1,994.5/mt before weakening, touching a low of $1,972/mt before closing, then slightly rebounding to finally settle at $1,979/mt, down $16.5/mt, a decrease of 0.83%.
Overnight, the most-traded SHFE lead contract opened at 16,800 yuan/mt, fell to a low of 16,740 yuan/mt after opening, then rebounded to a high of 16,820 yuan/mt, briefly consolidating before finally closing at 16,800 yuan/mt, forming a doji, up 45 yuan/mt from the previous settlement price, an increase of 0.27%.