SMM lead morning meeting minutes: Rising raw material costs combined with supply tightening. Lead prices may move higher after the New Year holiday.

Last Friday, the London lead price opened at $2084 per ton, stabilizing during the Asian session and reaching as high as $2090 per ton. During the European session, the US dollar strengthened. In the Shanghai market, Chihong was quoting at 15830-15850 yuan per ton, with a premium of 20-0 yuan per ton for the ShFE 2401 contract. In the Jiangsu and Zhejiang markets, Jiangxi Copper and Lead... On the fundamental side, market trading activity is constrained by year-end factors, compounded by the New Year holiday. Starting from December 29th, night trading for ShFE lead has been temporarily suspended.