






SMM, Oct. 17:
Overnight, LME lead opened at $1,983.5/mt. During the Asian session, it moved sideways around the daily average, touching a high of $1,990.5/mt. Entering the European session, it fluctuated downward all the way, falling to a low of $1,963/mt. A slight rebound occurred just before the close, and it finally closed at $1,971.5/mt, down $14.5/mt, or 0.73%.
Overnight, the most-traded SHFE lead 2511 contract opened lower at 17,090 yuan/mt. At the beginning of the session, it fell to a low of 17,025 yuan/mt, then rose to move sideways near the daily average. It weakened slightly thereafter and finally closed at 17,045 yuan/mt, down 70 yuan/mt, or 0.41%.
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