Overnight lead futures continued to hold up well, with bulls in the most-traded SHFE lead contract increasing their positions and reaching a high of 17,240 yuan/mt [SMM Lead Morning News]

SMM News on June 26:

Overnight, LME lead opened at $2,018/mt, rising slightly during the Asian session. Entering the European session, it continued to fluctuate upward, hitting a high of $2,049/mt, before falling below the intraday average line before the close, ultimately closing at $2,031.5/mt, up $19.5/mt or 0.97%.

Overnight, the most-traded SHFE lead 2508 contract opened at 17,170 yuan/mt, rising to hit a high of 17,240 yuan/mt in the early session before consolidating. After briefly falling below 17,200 yuan/mt, it slightly rebounded to near the intraday average line, ultimately closing at 17,210 yuan/mt, up 105 yuan/mt or 0.61%.