SMM January 8:
Overnight, LME lead opened at $1,947/mt, fluctuated rangebound during the Asian session with a low of $1,934.5/mt. During the European session, LME lead maintained a fluctuating trend, surged at the end of the session to a high of $1,975/mt, and finally closed at $1,972.5/mt, up 1.28%, marking the second consecutive daily gain for LME lead.
Overnight, the most-traded SHFE lead 2502 contract opened higher with a gap at 16,755 yuan/mt, fluctuated downward during the session to a low of 16,720 yuan/mt, and was boosted by the upward movement of LME lead, climbing to a high of 16,780 yuan/mt at the end of the session, and finally closed at 16,770 yuan/mt, up 0.24%.
