Overnight Lead Prices Continue to Rise, SHFE Lead Stabilizes at 18,900 Yuan/mt Target [SMM Lead Morning Review]

Overnight, LME lead opened at $2,146/mt, slightly consolidated around the daily moving average during the Asian session, then fluctuated downwards to a session low of $2,141/mt during the European session, rebounded to a session high of $2,177/mt, and slightly pulled back before closing, ending at $2,460/mt, up $7.5/mt, or 0.35%. Overnight, the most-traded SHFE lead contract (2408) opened at 18,655 yuan/mt, initially rose to a session high of 18,950 yuan/mt, then fell back to consolidate around the daily moving average, and finally closed at 18,905 yuan/mt, up 285 yuan/mt, or 1.53%.