SMM Lead Morning Comment

Overnight, LME lead opened at US$2,079/ton. LME lead stocks turned to growth, increasing by more than 2,000 tons. The contract finally closed at $2,051.5/ton, a decrease of 1.13%.

Overnight, the most active SHFE 2402 lead contract opened at 15,795 yuan/ton. It once reached 15,810 yuan/ton at the beginning of the session and was dragged down by the decline of LME lead. The contract finally closed at 15,620 yuan/ton, a decrease of 0.26%; open interest reached 53,930 lots, an increase of 3,493 lots from the previous trading day.