SMM Lead Market Morning Comment (Aug 7)

Overnight, LME lead opened at $1,946/mt and fluctuated downward to $1,917/mt during the Asian session; entering the European session, bulls increased their positions, pushing LME lead up to $1,975/mt, and it finally closed at $1,962/mt, up 0.23%.

Overnight, the most-traded SHFE 2409 lead contract opened at a low of 17,225 yuan/mt, and after the opening, bulls increased their positions, causing SHFE lead to fluctuate upward to 17,435 yuan/mt, and it finally closed at 17,405 yuan/mt, up 0.84%.