[SMM Lead Morning Comments] The pressure on stock accumulation eased, LME and SHFE lead prices clawed back losses

LME lead prices closed at $2,140/mt last evening, an increase of 0.87%.

SHFE lead ingot inventory under warrants declined. The most active SHFE 2309 lead contract prices closed at 15,990 yuan/mt last evening, up 0.44%. Open interest fell by 1,019 lots to 99,122 lots.