SMM Morning Comment For Lead Market July 8

Last Friday night, LME lead opened at $2,226.5/mt, consolidated around the daily moving average during the Asian session, rose to $2,254/mt during the European session, and slightly pulled back before closing, finally closing at $2,241.5/mt, up $9.5/mt, with a gain of 0.43%.
Last Friday night, the most-traded SHFE lead 2408 contract opened at 19,755 yuan/mt, initially fell to a low of 19,570 yuan/mt, then rebounded and fluctuated upward to a high of 19,760 yuan/mt, and finally closed at 19,685 yuan/mt, down 10 yuan/mt, with a loss of 0.05%.