Last Friday, LME lead opened at $2,215/mt, briefly touching a high of $2,223/mt during the Asian session before declining. During the European session, LME lead continued to weaken, reaching a low of $2,181/mt, and finally closed at $2,186/mt, with a decline of 1.33%.
Last Friday evening, the most-traded SHFE lead 2408 contract opened at ¥18,735/mt, briefly touching a low of ¥18,635/mt at the beginning of the session. Later, influenced by factors such as a decline in LME lead inventories, bullish funds pushed lead prices up to a high of ¥18,950/mt, and finally closed at ¥18,895/mt, with an increase of 0.59%.
