Lead futures rose strongly and short positions were reduced overnight [SMM Lead Morning Comment]

Overnight, the US dollar rose first and then fell. LME lead fell to US$2,215/ton. During the European session, it touched a high of US$2,259.5/ton and finally closed at US$2,249.5/ton, an increase of 1.08%.

The most active SHFE 2406 lead contract prices closed at 18340 yuan/mt, an increase of 1.33%, with the highest of 18395 yuan/mt and the lowest of 18220 yuan/mt.