LME Lead Outperforms SHFE Lead Overnight, Recording a Three-Day Winning Streak, While SHFE Lead Posts a Slight Gain [SMM Lead Morning News]

SMM March 13 News:

Overnight, LME lead opened at $2,051/mt, rose slightly during the Asian session, and continued to fluctuate upward during the European session, reaching a high of $2,083/mt. Before the close, it underwent slight consolidation and finally settled at $2,082.5/mt, up $27.5/mt or 1.34%, marking a three-day winning streak.

Overnight, the most-traded SHFE lead 2504 contract opened at 17,575 yuan/mt, initially climbed to 17,640 yuan/mt before weakening to a low of 17,545 yuan/mt. It then rebounded to near the intraday moving average and traded sideways, eventually closing at 17,585 yuan/mt, up 140 yuan/mt or 0.80%.