LME Lead Traded in the Doldrums During Chinese New Year Holiday, Closed Slightly Lower Overnight [SMM Lead Morning News]

Published: Feb 24, 2026 08:30

Save

SMM Feb. 24 News:

Overnight, LME lead opened at $1,964/mt, fluctuating rangebound around the daily average during the Asian session. Entering the European session, it initially fell then rose, touching a high of $1,968.5/mt before pulling back again, declining to a low of $1,949.5/mt, and finally closed at $1,952/mt, down $14.5/mt or 0.74%.
During the Chinese New Year holiday, LME lead showed a weak and rangebound trend, trading overall between $1,943.5/mt and $1,974/mt. As of 18:00 on Feb. 23, it closed at $1,962.5/mt, down $9.5/mt from the pre-holiday (Feb. 13) closing price.
SHFE lead was closed for the Chinese New Year holiday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

LME Lead in the Doldrums During Chinese New Year Holiday, Post-Holiday Domestic Inventory Buildup May Briefly Weigh on Lead Prices [SMM Lead Morning Meeting Minutes]

3 hours ago

14 hours ago

[SMM Analysis] Review and Post-Holiday Outlook of the Lead Market During the 2026 Chinese New Year Holiday

[SMM Analysis] Review and Post-Holiday Outlook of the Lead Market During the 2026 Chinese New Year Holiday SMM, February 23: During the Chinese New Year holiday (February 15–23), the overseas macro environment was complex, with Trump’s global tariff changes being the primary factor influencing market pricing over the break.

14 hours ago

Feb 14, 2026 09:19

SMM Chinese New Year Holiday Price Update Notice

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

Feb 14, 2026 09:19