Overnight Lead Prices Rose [SMM Lead Morning Comment]

Overnight, LME lead opened at $2,243.5/mt, briefly touching a high of $2,255/mt during the Asian session before fluctuating downwards. During the European session, it continued to fluctuate downwards, hitting a low of $2,210.5/mt. By the end of the trading session, the US dollar index weakened, and LME lead rebounded, closing at $2,246/mt, up by 0.13%, recording a star candle. Overnight, the most-traded SHFE lead contract (2407) opened at ¥18,670/mt, initially fluctuating downwards to a session low of ¥18,590/mt. Before the close, it was boosted by LME lead, with shorts reducing positions, pushing the price up to a session high of ¥19,030/mt, and finally closed at ¥18,910/mt, up by 0.61%.