[SMM lead Morning News] Shanghai lead remained high and closed up 0.4% overnight.

SMM, July 2nd:

Overnight, Lun lead opened at 1779.5 US dollars / ton. In Asian time, Lun lead rose slightly and fell back, with limited time-sharing support during the day. Entering the European period, Lun lead continued to explore low, reaching a low of 1758.5 US dollars / ton, and then the main force recovered the decline. It was finally reported at 1776 US dollars / ton, down 0.14%. Lun lead suspended the upward trend, is currently in the stage of high consolidation, short-term focus on overseas inventory situation.

Overnight, Shanghai lead opened at 14795 yuan / ton. At the beginning of the session, Shanghai lead quickly raised the price, reached a high of 14940 yuan / ton, then fell back, and then basically around the daily moving average, finally reported at 14885 yuan / ton, an increase of 0.4%. Lun lead continues to be strong, the early gap compensation ends, pay attention to the overall trend after short-term replenishment.

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