Overnight LME Lead Rebounded to Make Up Gains, While SHFE Lead Closed for Chinese New Year Holiday [SMM Lead Morning Brief]

Published: Feb 5, 2025 08:33

Save

[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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Weekly Brief Review of the Lead Concentrates Market (March 9, 2026–March 13, 2026) [SMM Lead Concentrates Weekly Review]

6 hours ago

Ample Supply Circulated in the Refined Lead Spot Market, Suppliers Shipped to Delivery Warehouses and Transferred Inventory, with Sparse Transactions [SMM Weekly Review of the Refined Lead Spot Market]

6 hours ago

SMM Weekly Operating Rate of Primary Lead Smelters (March 6, 2026–March 12, 2026) [SMM Weekly Review of Primary Lead Operating Rates]

6 hours ago