Under Overseas Reflation Expectations, US Dollar Index Strengthens, Putting Pressure on LME Lead; Overnight Lead Futures Fluctuate Downward [SMM Lead Morning Brief]

SMM February 20 News:

Overnight, LME lead opened at $1,995/mt, fluctuated downward during the Asian session, and continued to decline during the European session, hitting a low of $1,972.5/mt before rebounding and recovering losses, reaching a high of $1,999/mt. It eventually closed at $1,992.5/mt, down $4/mt, a decrease of 0.2%.
Overnight, the most-traded SHFE lead 2503 contract opened at 16,965 yuan/mt, fluctuated upward to 17,000 yuan/mt during the early session and consolidated sideways, eventually closing at 17,025 yuan/mt, down 10 yuan/mt, a decrease of 0.06%.