Overnight Lead Futures Traded Sideways; LME Lead Posted a Second Consecutive Loss, While SHFE Lead Closed Slightly Higher [SMM Lead Morning Brief]

SMM, March 12:

Overnight, LME lead opened at $1,940.5/mt, held up well during the Asian session, and hit a high of $1,949/mt. After entering the European session, it fluctuated downward to a low of $1,932.5/mt, then rose slightly to recover part of the losses, and finally closed at $1,938.5/mt, down $6.5/mt, a decline of 0.33%.

Overnight, the most-traded SHFE lead contract opened at 16,645 yuan/mt. After falling at the beginning of the session to a low of 16,600 yuan/mt, it rebounded to a high of 16,665 yuan/mt, then weakened slightly and finally closed at 16,655 yuan/mt, up 5 yuan/mt from the previous day, an increase of 0.03%.