SMM October 14 news:
Overnight, LME lead opened at $2,017.5/mt, fluctuated downward under pressure along the daily moving average during the Asian session, continued to weaken and touched a low of $1,985.5/mt during the European session, and saw a slight rebound before closing, finally ending at $1,993.5/mt, down $21/mt or 1.04%.
Overnight, the most-traded SHFE lead 2511 contract opened lower at 17,050 yuan/mt, rose to a high of 17,155 yuan/mt in early trading, then pulled back and moved sideways near the daily moving average, and experienced a slight correction toward the close, finally settling at 17,095 yuan/mt, down 60 yuan/mt or 0.35%.
