SMM February 6:

Overnight, LME lead opened at $1,970.5/mt, briefly touching a low of $1,969.5/mt during the Asian session. Due to the US dollar fluctuating downward, LME lead strengthened and moved upward during the European session, finally closing at a high of $2,006.5/mt, up by 1.88%, marking a two-day consecutive gain.

Overnight, the most-traded SHFE lead 2503 contract opened at 17,050 yuan/mt, fluctuating rangebound around the intraday moving average after the opening, with a high of 17,105 yuan/mt, and finally closed at 17,085 yuan/mt, up by 0.53%.