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Home / Metal News / Overnight LME Lead Rebounded to Make Up Gains, While SHFE Lead Closed for Chinese New Year Holiday [SMM Lead Morning Brief]
Overnight LME Lead Rebounded to Make Up Gains, While SHFE Lead Closed for Chinese New Year Holiday [SMM Lead Morning Brief]
Feb 5, 2025 08:33[SMM Lead Morning Brief: LME Lead Rebounded Overnight, SHFE Lead Closed for Chinese New Year Holiday] SMM February 5 News: Overnight, LME lead opened at $1,945/mt, fluctuated rangebound during the Asian session; entered the European session fluctuating downward to a low of $1,940/mt, and rebounded with a corrective rise at the end of the session as the US dollar weakened, releasing pressure...
SMM February 5:
Overnight, LME lead opened at $1,945/mt, fluctuated rangebound during the Asian session; entered the European session fluctuating downward to a low of $1,940/mt. By the end of the session, as the US dollar weakened, resistance was released, leading to a rebound and recovery, reaching a high of $1,973.5/mt, and finally closing at $1,969.5/mt, up 1.26%.
Due to the Chinese New Year holiday, SHFE lead was closed and will resume trading on Wednesday.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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