Bullish and Bearish Factors Intertwined, Divergence in Domestic and International Lead Prices [SMM Lead Morning Brief]

Published: Feb 13, 2025 09:01

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[SMM Lead Morning Brief: Mixed Factors Cause Divergence in Domestic and International Lead Prices] SMM February 13 News: Overnight, LME lead opened at $1,979/mt. Market concerns over trade friction sentiment remained unchanged, and the center of LME lead prices further shifted downward, focusing more on $1,970-1,980/mt...

SMM, February 13: Overnight, LME lead opened at $1,979/mt. Market concerns over trade friction persisted, causing the center of LME lead to shift further downward, concentrating more around $1,970-1,980/mt. During this period, the US dollar index jumped initially and then pulled back, weighing on the performance of base metals. LME lead eventually closed at $1,973/mt, down by 0.15%. Overnight, the most-traded SHFE lead 2503 contract opened at 17,140 yuan/mt. After the opening, long and short positions intertwined, and SHFE lead remained stuck between 17,100-17,140 yuan/mt until the final close at 17,100 yuan/mt, down by 0.26%. Its open interest reached 38,343 lots, a decrease of 710 lots compared to the previous trading day.

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