SMM Lead Market Morning Comment (Jul 30)

Overnight, LME lead opened at $2,072.5/mt, consolidated around the daily moving average during the Asian session, briefly touched a high of $2,094/mt, and then retreated under pressure during the European session. LME lead fluctuated upward, reaching a high of $2,083.5/mt, and dipped to a low of $2,060/mt, down $13.5/mt, a decrease of 0.65%.

Overnight, the most-traded SHFE 2409 lead contract opened at 18,710 yuan/mt, initially fell to a low of 18,650 yuan/mt, then rebounded to a high of 18,760 yuan/mt, consolidated around the daily moving average, and finally closed at 18,745 yuan/mt, up 80 yuan/mt, an increase of 0.43%.