Overnight, US Fed Cut Interest Rates as Expected, Nonferrous Metals Mostly Fell; Lead Futures First Fell Then Rose, Consolidating at High Levels [SMM Lead Morning News]

SMM September 18:

Overnight, LME lead opened at $2,004/mt, fluctuating around the daily moving average during the Asian session. It fluctuated downward during the European session, hitting a low of $1,995/mt before rebounding to a high of $2,014.5/mt. After minor consolidation, it finally closed at $2,005/mt, down $1.5/mt, a decrease of 0.07%.

Overnight, the most-traded SHFE lead contract opened at 17,095 yuan/mt. It fell to a low of 17,055 yuan/mt at the beginning of the session before rebounding and rising near the daily moving average, eventually closing at 17,080 yuan/mt, unchanged at 0 yuan/mt, a decrease of 0.00%.