Lead was weak with SHFE lead prices under pressure of 16,000 yuan/ton [SMM lead morning comment]

SHANGHAI, Mar 4 (SMM) -

LME lead opened at $2063/mt, declining to a low of $2033/mt during the European trading hours. It finally dropped and closed at $2038/mt, down $27/mt or 1.31%.
The most-traded SHFE 2404 lead contract opened at 15970 yuan/mt and fell 60 yuan/mt or 0.38% to 15920 yuan/mt last Friday evening, briefly hitting the lowest point at 15915 yuan/mt and the highest point at 16020 yuan/mt.