LME lead rebounds and closes up 0.45%, SHFE lead struggles to catch up, night session ends with a small bearish candlestick [SMM Lead Morning Update]

SMM, September 4:

Overnight, the LME lead 3M contract rose on September 3, opening at $1,895.5/mt, trading in a range of $1,893.0-1,908.0/mt throughout the day, with a fluctuation of $15/mt, and closing at $1,907.0/mt, up $8.5/mt or 0.45% from the previous trading day's closing price. The daily candlestick formed a small bullish candlestick, with a trading volume of 6,408 lots and open interest of 170,974 lots.

Overnight, the SHFE lead 2610 contract opened at 16,135 yuan/mt in the night session, briefly shot up to 16,165 yuan/mt after the open before quickly pulling back. Around 22:00, it dipped to 16,085 yuan/mt, then moved sideways in a narrow range of 16,085-16,115 yuan/mt, finally closing at 16,095 yuan/mt, down 25 yuan/mt or 0.16% from the previous trading day's closing price. Prices remained above the Bollinger middle band and the 16,000 yuan mark.