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%.
