SMM, January 20:
Last Friday night, LME lead opened at $1,970/mt. During the Asian session, it climbed to a high of $1,987/mt before declining. Entering the European session, it continued to weaken, hitting a low of $1,954.5/mt. Before the close, it slightly rebounded and finally settled at $1,965.5/mt, down $11/mt, a decrease of 0.56%.
Last Friday night, the most-traded SHFE lead 2503 contract opened at 16,690 yuan/mt. It initially declined to a low of 16,635 yuan/mt before rebounding upward, eventually closing at 16,770 yuan/mt, up 75 yuan/mt, an increase of 0.45%.
