SMM Lead Market Morning Comment (July 11)

Overnight, LME lead opened at $2,195/mt, and continued its downward trend, hitting a low of $2,175.5/mt, and closed at $2,177.5/mt, down $17.5/mt, a decrease of 0.8%.

Overnight, the most-traded SHFE 2408 lead contract opened at 19,455 yuan/mt. After reaching a high of 19,520 yuan/mt at the beginning of the session, it fluctuated downward and closed at 19,370 yuan/mt, down 110 yuan/mt, a decrease of 0.56%.