Overnight, SHFE lead opened lower and trended downward, with both lead futures weakening. [SMM Lead Morning News]

SMM April 23 News:

Overnight, LME lead opened at $1,932/mt, rose to a high of $1,944/mt during the Asian session, then fluctuated downward throughout the European session, hitting a low of $1,915/mt, and finally closed at this level, down $12.5/mt, a decrease of 0.65%.

Overnight, the most-traded SHFE lead 2506 contract opened with a gap at 16,890 yuan/mt, then fell to a low of 16,825 yuan/mt, slightly rebounded, and consolidated around the 16,850 yuan/mt level, eventually closing at 16,835 yuan/mt, down 125 yuan/mt, a decrease of 0.74%.