Overnight Lead Prices Stabilized and Both Closed Higher [SMM Lead Morning Briefing]

SMM April 24 News:

Overnight, LME lead opened at $1,929/mt, fluctuated rangebound during the Asian session, and then fluctuated upward to a high of $1,950/mt during the European session, finally closing at this level, up $35/mt, a gain of 1.83%.

Overnight, the most-traded SHFE lead 2506 contract opened at 16,965 yuan/mt, initially fluctuated upward to a high of 17,000 yuan/mt, then pulled back and consolidated under pressure around the daily moving average, lightly touching a low of 16,920 yuan/mt, and finally closed at 16,950 yuan/mt, up 80 yuan/mt, a gain of 0.47%.