SMM, September 28:
Last Friday, LME lead continued its recent range-bound consolidation. In early trading, LME lead opened at $1,935.5/mt, and during Asian trading hours, it traded around $1,930/mt, with its center gradually shifting lower toward $1,920/mt. In the European session, the US dollar index weakened, and LME lead stopped falling and rebounded, returning to $1,930/mt, where it eventually closed at $1,930/mt, down 0.13%.
Last Friday, the Chinese market was closed for the Mid-Autumn Festival holiday, and SHFE lead will resume normal trading today.
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