SMM January 12 News:
Last Friday, LME lead opened at $2,021.5/mt, fluctuated upward during the Asian session, and after entering the European session, it experienced a slight correction before rising again, touching a high of $2,059/mt. It weakened again towards the end of the session, finally closing at $2,046.5/mt, up $30/mt, an increase of 1.49%. A bullish candlestick was recorded.
On Friday evening, the most-traded SHFE lead 2602 contract opened at 17,345 yuan/mt. After briefly fluctuating rangebound at the beginning of the session, it rose slightly, touching a high of 17,435 yuan/mt during the period, then moved steadily throughout the rest of the session, finally closing at 17,430 yuan/mt, up 65 yuan/mt, an increase of 0.37%. A small bullish candlestick was formed.
