SMM, May 6:
Last Friday, LME lead opened at $1,954.5/mt. Trading in the futures market was sluggish during the Asian session, with LME lead consolidating mainly between $1,960/mt and $1,970/mt. As the market entered the European session, the price center of LME lead gradually moved down to around $1,955/mt, and even dropped to $1,930/mt near the close, hitting a one-week low. LME lead eventually closed at $1,931.5/mt, down 1.3%.
In the domestic market, SHFE lead was closed for the Labour Day holiday and will resume normal trading today (May 6).
