SMM January 19:
On Friday evening, LME lead opened at $2,098/mt, then fluctuated downward after opening and continued to decline during the Asian trading session. It hit a low of $2,036.5/mt before closing and finally settled at $2,038/mt, down $58.5/mt or 2.79%.
On Friday evening, the most-traded SHFE lead contract opened lower at 17,400 yuan/mt. At the beginning of the session, dragged down by the weakness in LME lead, it quickly fell below the support level of 17,300 yuan/mt and then fluctuated within a narrow range, testing a low of 17,200 yuan/mt, and finally closed at 17,230 yuan/mt, down 365 yuan/mt or 2.07%.
