【SMM Flash News】On April 15, local time in the United States, US President Trump signed another executive order, which specifically emphasized that “due to retaliatory actions, China is now facing tariffs of up to 245% on imports from the United States.” The London Metal Exchange (LME) announced inventory data on April 16, showing that lead inventories increased by 17,575 tons to 283,125 tons. The bearish macro sentiment, coupled with a significant build-up of overseas lead inventories, led to long-position liquidation and a downward trend in Shanghai lead prices. On the day, the main contract SH2505 for Shanghai lead opened at 16,750 yuan per ton, dipped to a low of 16,630 yuan per ton in the late session, and finally closed at 16,655 yuan per ton, down by 0.89%.