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Overnight Lead Futures Fluctuated at High Levels; LME Lead Recorded Two Consecutive Gains While SHFE Lead Closed Slightly Lower [SMM Lead Morning News]

  • Mar 12, 2025, at 12:49 am
[SMM Lead Morning Brief: Overnight Lead Prices Fluctuated at High Levels, LME Lead Recorded Two Consecutive Gains While SHFE Lead Closed Slightly Lower] SMM March 11 News: Overnight, LME lead opened at $2,040/mt, weakened slightly during the Asian session, and finally closed at a high of $2,055/mt, up $15/mt or 0.74%. Overnight, the most-traded SHFE lead 2504 contract opened at 17,380 yuan/mt and finally closed at 17,425 yuan/mt, down 35 yuan/mt or 0.20%.

SMM March 12 News:

Overnight, LME lead opened at $2,040/mt. During the Asian session, it slightly weakened, but upon entering the European session, it fluctuated upward, eventually closing at a high of $2,055/mt, up by $15/mt or 0.74%.

Overnight, the most-traded SHFE lead 2504 contract opened at 17,380 yuan/mt. After hitting a high of 17,435 yuan/mt in early trading, it consolidated above the intraday moving average, ultimately closing at 17,425 yuan/mt, down by 35 yuan/mt or 0.20%.

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