Overnight SHFE lead fluctuated rangebound, SHFE lead under pressure at the 17,100 yuan/mt level [SMM Lead Morning News]

SMM September 17:

Overnight, LME lead opened at $2,005/mt, dipped to $1,991/mt during the Asian session, fluctuated upward to a high of 2,011.5 yuan/mt during the European session, and finally closed at $2,006.5/mt after minor consolidation, up $5/mt or 0.25%.

Overnight, the most-traded SHFE lead contract opened at 17,075 yuan/mt, rose to a high of 17,105 yuan/mt before moving sideways, pulled back near the daily moving average before closing, and finally ended at 17,070 yuan/mt, down 10 yuan/mt or 0.06%.