[SMM Morning Lead News: SHFE Lead Rebounds After Hitting Low During Overseas Holiday Period] SMM reported on May 27: Overnight, the most-traded SHFE lead 2507 contract opened at 16,760 yuan/mt. With warrant inventory reversing the trend to accumulate, SHFE lead fluctuated downward at the beginning of the session...

Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally closed at $9,787/mt, with a drop of 1.6%.

Overnight, LME lead opened at $2,174/mt. Since June, LME lead inventory stopped falling and started to rise, initiating a day-by-day accumulation mode. Under inventory pressure, LME lead fluctuated weakly throughout the day, finally closing at $2,162.5/mt, with a drop of 0.57%.

Overnight, LME copper opened at $9,693.5/mt, initially dropped to $9,680/mt, then fluctuated upwards, hitting a high of $9,816.5/mt during the session, and finally fluctuated widely to close at $9,805/mt, with a drop of 0.77%.

Overnight, LME lead opened at $2,212.5/mt. Under the dual pressure of the strength of the US dollar and the gradual accumulation of lead inventory, LME lead continued its downward trend throughout the day. During the Asian session, influenced by the resilience of SHFE lead, LME lead managed to stay above $2,200/mt.

LME copper prices opened at $9371.5/mt and closed 0.39% lower at $9361/mt overnight, with the low-end of $9312.5/mt and the high-end of $9416/mt.