SHFE lead outperformed LME lead prices [SMM lead morning comment]

Last Friday, LME lead fell under pressure at the opening and dropped to a low of $2,219/ton. Later, due to the weakening of the US dollar, LME lead rose to a high of $2,250/ton. During the European session, LME lead came under pressure again due to the strengthening of the US dollar and almost gave up all its gains, finally closing at $2,225.5/ton, a drop of 0.34%.

The most active SHFE 2406 lead contract prices closed at 18055 yuan/mt last Friday evening, with the high-end of 18080 yuan/mt and the low-end of 17955 yuan/mt, an increase of 0.31%.