Lead prices fluctuated rangebound overnight, closing higher. [SMM Lead Morning News]

Overnight, LME lead opened at $1,988.5/mt, fluctuated upward during the Asian session, and came under pressure during the European session, trading in the doldrums along the daily moving average and testing the $1,990/mt level, before edging up slightly before the close to end at $1,999.5/mt, up $16.5/mt or 0.83%.

Overnight, the most-traded SHFE lead contract opened at 17,215 yuan/mt, and fluctuated rangebound around the daily moving average after opening, hitting a high of 17,285 yuan/mt and a low of 17,205 yuan/mt, before closing at 17,275 yuan/mt, up 140 yuan/mt or 0.82%.