Macro policies were introduced intensively, and domestic and overseas lead prices stopped falling and rebounded [SMM Lead Morning News]

SMM News on June 19:

Overnight, LME lead opened at $1,983/mt. With prominent overseas geopolitical conflicts and the US Fed's June interest rate decision meeting expectations and remaining unchanged, LME lead fluctuated downward throughout the day after opening, hitting a low of $1,971/mt, the lowest in nearly half a month. Until the late night session, LME lead stopped falling and rebounded, basically recovering the intraday losses. It finally closed at $1,989.5/mt, up 0.68%.

Overnight, the most-traded SHFE lead 2507 contract opened at 16,850 yuan/mt. Boosted by the news that the SHFE had relaxed restrictions for investors to participate in lead futures, SHFE lead fluctuated upward. However, with limited fundamental support, SHFE lead failed to regain the 16,900 yuan/mt level and finally closed at 16,845 yuan/mt, up 0.06%. Its open interest stood at 38,409 lots, a decrease of 1,645 lots from the previous trading day.