Overnight, SHFE lead held up well, standing above the 17,000 mark. [SMM Lead Morning News]

SMM April 25 News:

Overnight, LME lead opened at $1,945.5/mt, dipped to $1,932/mt during the Asian session, then fluctuated upward to above $1,950/mt during the European session and consolidated, finally closing at $1,958/mt, up $8/mt, a gain of 0.41%.

Overnight, the most-traded SHFE lead 2506 contract opened at 16,995 yuan/mt, touched a high of 17,080 yuan/mt at the beginning of the session, then fluctuated downward to a low of 16,985 yuan/mt. Subsequently, bulls increased their positions, leading to a rebound above the 17,000 yuan/mt level, and finally closed at 17,050 yuan/mt, up 130 yuan/mt, a gain of 0.77%.