SMM News on August 14:
Overnight, LME lead opened at $2,013.5/mt. During the Asian session, it consolidated around the intraday average line. Entering the European session, it rose to a high of $2,019/mt before fluctuating downward. After hitting a low of $1,983.5/mt, it rebounded slightly, ultimately closing at $1,988/mt, down by $28/mt or 1.39%.
Overnight, the most-traded SHFE lead contract opened lower with a gap at 16,880 yuan/mt. After consolidating around the 16,900 yuan/mt level under pressure in the early session, it fluctuated downward, hitting a low of 16,765 yuan/mt. It ultimately closed at 16,775 yuan/mt, down by 150 yuan/mt or 0.89%.
