SMM February 20 News:
Overnight, LME lead opened at $1,995/mt, fluctuated downward during the Asian session, and continued to decline during the European session, hitting a low of $1,972.5/mt before rebounding and recovering losses, reaching a high of $1,999/mt. It eventually closed at $1,992.5/mt, down $4/mt, a decrease of 0.2%.
Overnight, the most-traded SHFE lead 2503 contract opened at 16,965 yuan/mt, fluctuated upward to 17,000 yuan/mt during the early session and consolidated sideways, eventually closing at 17,025 yuan/mt, down 10 yuan/mt, a decrease of 0.06%.
![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]](https://imgqn.smm.cn/usercenter/PKFMX20251217171721.jpg)
![Social inventory turns to increase; lead prices remain stagnant at highs with a slowdown in gains [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)
![Soporte y resistencia coexisten, el plomo de la SHFE se mueve lateralmente por encima de 16.000 [Breve comentario sobre futuros de plomo]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
