Overnight Lead Futures Under Pressure, LME Lead Edged Down Slightly, Ending the Consecutive Gains Trend [SMM Lead Morning Brief]

SMM March 14 News:

Overnight, LME lead opened at $2,077.5/mt, fluctuating around the daily moving average during the Asian session. Entering the European session, it dipped to a low of $2,064.5/mt before rebounding to a high of $2,084.5/mt. Before the close, it dropped back slightly and finally settled at $2,073/mt, down $9.5/mt or 0.46%.

Overnight, the most-traded SHFE lead 2504 contract opened lower at 17,510 yuan/mt. After initially rising to a high of 17,595 yuan/mt, it weakened and consolidated around the daily moving average, eventually closing at 17,560 yuan/mt, down 15 yuan/mt or 0.09%.