Both LME Lead and SHFE Lead Closed Higher [SMM Lead Morning Comment]

Last Friday, LME lead opened at $2,146/mt, operated weakly during the Asian session, and narrowly fluctuated downward to $2,146/mt under the upward pressure of the US dollar index during the European session. Before the end of the trading session, it slightly rebounded above the daily moving average and finally closed at $2,153/mt, up $0.5/mt, an increase of 0.02%.

Last Friday night, the most-traded SHFE lead contract opened at 18,540 yuan/mt, initially dragged down by the weak LME lead to a low of 18,514 yuan/mt, then rebounded to a high of 18,650 yuan/mt, and finally closed at 18,600 yuan/mt, up 55 yuan/mt, an increase of 0.33%.