US Dollar Index Rallied Overnight, Pressuring Lead Futures to Weaken [SMM Lead Morning Brief]

SMM February 7:

Overnight, LME lead opened at $2,004/mt, briefly touched a high of $2,014/mt during the Asian session; entering the European session, LME lead came under pressure due to a stronger US dollar, weakening to a low of $1,985.5/mt and finally closing at $1,988.5/mt, down 0.9%.

Overnight, the most-traded SHFE lead 2503 contract opened at 17,060 yuan/mt, briefly touched a low of 17,015 yuan/mt in early trading, slightly climbed to a high of 17,090 yuan/mt by the end of the session, and finally closed at 17,055 yuan/mt, down 0.2%.