Overnight, LME lead opened at $2,040/mt. Against the backdrop of continuously declining LME lead inventories, LME lead showed a fluctuating upward trend throughout the day. During this period, LME lead reached a high of $2,082/mt, climbing to a nearly two-week high. Until the end of the session, bulls took profits, and LME lead almost completely gave back the day's gains, finally closing at $2,032.5/mt, down 0.34%.
Overnight, the most-traded SHFE lead 2409 contract opened at 18,270 yuan/mt. With the accumulation of domestic lead ingot inventories, SHFE lead moved downwards after a higher opening. At the beginning of the session, SHFE lead once surged to 18,270 yuan/mt, then gradually retreated, and finally closed at 18,150 yuan/mt, up 1.06%. The open interest reached 79,721 lots, an increase of 427 lots compared to the previous trading day.
