Market expectations for interest rate cuts by the Federal Reserve weakened, and the decline in nonferrous metals dragged down LME lead [SMM Lead Morning Comment]

SHANGHAI, Jan 25 (SMM) -

LME lead prices opened at $2166.5/mt and closed at $2150.5/mt last evening, down 0.67%, with the high-end of $2188/mt and the low-end of $2144/mt.

The most traded SHFE 2403 lead contract opened at 16690 yuan/mt last night, hitting the lowest point at 16440 yuan/mt, and closed at 16485 yuan/mt, down 1.08%.