US Dollar Index Rebound & Chinese New Year Holiday: Domestic and Overseas Lead Futures Show Weak Trends [SMM Lead Morning Brief]

SMM January 27:

Last Friday, LME lead opened at $1,953/mt, fluctuated upward during the Asian session, peaked at $1,970/mt in the European session before plunging, dipped to $1,935.5/mt by the end of the session, and finally closed at $1,937/mt, down 0.62%.

Last Friday night, the most-traded SHFE lead 2503 contract opened lower with a gap at 16,720 yuan/mt, briefly touched a high of 16,730 yuan/mt at the beginning of the session before plunging to a low of 16,635 yuan/mt, slightly rebounded, and fluctuated around the intraday moving average, finally closing at 16,690 yuan/mt, down 0.51%.