Overnight lead futures in the doldrums, closing slightly lower [SMM Lead Morning Brief]

SMM August 27 News:

Overnight, LME lead opened at $1,988.5/mt, holding up well during the Asian session, and then in the doldrums during the European session, dropping to a low of $1,983.5/mt, before a slight rebound and finally closing at $1,987/mt, down $5/mt, a decrease of 0.25%.

Overnight, the most-traded SHFE lead 2510 contract opened at 16,925 yuan/mt, initially rising slightly to a high of 16,960 yuan/mt, then fluctuating downward, reaching a low of 16,880 yuan/mt, followed by a small consolidation, and ultimately closing at 16,890 yuan/mt, down 25 yuan/mt, a decrease of 0.15%.