SMM April 18th News:
Overnight, LME lead opened at $1,905.5/mt. As the impact of US tariffs was gradually digested by the market, LME lead showed a "V" trend throughout the day, with its center of operation shifting upward compared to the previous day and moving above $1,900/mt. Meanwhile, LME lead inventory reversed its trend and began to decline, leading to a gradual strengthening of LME lead during the night. It finally closed at $1,927.5/mt, up 1.23%.
Overnight, the most-traded SHFE lead 2505 contract opened at 16,750 yuan/mt. With a significant drop in SHFE lead warrant inventory, SHFE lead fluctuated upward, reaching a high of 16,805 yuan/mt during the session, and eventually closed at 16,780 yuan/mt, up 0.36%. Its open interest stood at 27,495 lots, a decrease of 796 lots compared to the previous trading day.
