Overnight, base metals generally fell, with LME lead recording two consecutive days of declines SHFE lead slightly closing lower [SMM Lead Morning Comment]

Overnight, LME lead opened at $2,312/mt, and fell to a low of $2,274/mt, finally closing at $2,279.5/mt, down $37/mt, a decrease of 1.6%.

Overnight, the most-traded SHFE 2407 lead contract opened at 18,750 yuan/mt, initially fell to a low of 18,665 yuan/mt, then slightly rose and stabilized at the 18,700 yuan/mt line, finally closing at 18,740 yuan/mt, down 150 yuan/mt, a decrease of 0.79%.