Lead futures continued to fluctuate downward, and LME lead recorded five consecutive declines. [SMM Lead Morning News]

SMM April 2 News:

Overnight, the most-traded SHFE lead contract opened with a gap at 17,375 yuan/mt, briefly touched a high of 17,400 yuan/mt at the beginning of the session, then fluctuated downward to a low of 17,305 yuan/mt. It later saw a slight rebound and stood above the daily average line, finally closing at 17,360 yuan/mt, down 45 yuan/mt, a decrease of 0.26%.

Overnight, LME lead opened at $2,013/mt, fluctuated rangebound during the Asian session, and entered the European session with a continuous downward fluctuation to a low of $1,984/mt, ultimately closing at $2,000/mt, down $13/mt, a decrease of 0.65%.