LME Lead Extended Consolidation Overnight, LME Lead Fell First Then Rose to Close Slightly Higher [SMM Lead Morning News]

SMM April 23:

Overnight, LME lead opened at $2,019.5/mt, initially fell to test a low of $2,015/mt, then rebounded and stabilized above the $2,200/mt level. During the European session, it first declined then rose, touching a high of $2,039/mt before the close. After slight consolidation, it finally closed at $2,036.5/mt, up $17/mt, an increase of 0.84%.

Overnight, the most-traded SHFE lead contract opened at 17,420 yuan/mt, initially fell to a low of 17,370 yuan/mt, then rose slightly to touch a high of 17,430 yuan/mt. It then fluctuated rangebound above the 17,400 yuan/mt level, finally closing at 17,405 yuan/mt, down 40 yuan/mt, a decrease of 0.23%.