Overseas inventories fell, LME lead hit a two-week high [SMM Lead Morning Comment]

SHANGHAI, Apr 8 (SMM) - Last Friday, LME lead opened at $2,132/mt. During the Qingming Festival, overseas lead inventories surged and then fell. Coupled with the continued decline of the US dollar, LME lead prices rose strongly and ran above all moving averages, reaching a high of US$2,147.5 per ton. At last, the contract closed at $2131/mt, down 0.49%.

Last Wednesday the Shanghai Futures Exchange did not conduct night trading due to the Qingming Festival. Today normal trading will resume.