Overnight Lead Futures Fluctuated Rangebound, Both LME Lead and SHFE Lead Closed Slightly Higher [SMM Lead Morning News]

SMM February 25 News:

Overnight, LME lead opened at $1,957/mt, weakening slightly during the Asian session. Entering the European session, it continued to decline, touching a low of $1,950.5/mt, then rose and fluctuated near the daily moving average, eventually closing at $1,959.5/mt, up $7.5/mt, an increase of 0.38%.

Overnight, the most-traded SHFE lead contract opened at 16,655 yuan/mt. At the beginning of the session, it fell to a low of 16,650 yuan/mt, then fluctuated upward, lightly touching a high of 16,840 yuan/mt, and finally closed at 16,745 yuan/mt, up 20 yuan/mt, an increase of 0.12%.