LME lead prices rebounded after falling [SMM Lead Morning Comment]

SHANGHAI, Mar 22 (SMM) - Overnight, LME lead prices opened at US$2,072/ton and fluctuated around the day's high of US$2,080/ton. Entering the European session, the U.S. dollar rebounded, and the increase in lead stocks did not change. LME lead prices dropped, with the lowest level reaching 2048.5 US dollars / ton, and finally closed at 2057 US dollars / ton in late trading, a decrease of 0.63%.

The most active SHFE 2405 lead contract prices opened at 16260 yuan/mt with the low-end of 16165 yuan/mt, and finally closed at 16180 yuan/mt, down 0.19%. Open interest increased 600 lots to 54366 lots.