Overnight Broad-Based Gains in Nonferrous Metals Boosted LME Lead, SHFE Lead Opened Lower Then Rose with a Slight Narrowing [SMM Lead Morning News]

SMM February 26 News:

Overnight, LME lead opened at $1,957/mt, fluctuating around the daily average during the Asian session. Entering the European session, the US dollar index strengthened then pulled back, and the broad-based gains in nonferrous metals lifted LME lead to rise all the way to a high of $1,996/mt. After small fluctuations at high levels, it finally closed at $1,995.5/mt, up $36/mt, a gain of 1.84%.

Overnight, the most-traded SHFE lead contract opened at 16,715 yuan/mt, dipped to a low of 16,700 yuan/mt at the beginning of the session, then fluctuated upward, lightly touching 16,800 yuan/mt at the high before finally closing at 16,790 yuan/mt, up 45 yuan/mt, a gain of 0.27%.