LME Lead Traded in the Doldrums During Chinese New Year Holiday, Closed Slightly Lower Overnight [SMM Lead Morning News]

Published: Feb 24, 2026 08:30

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SMM Feb. 24 News:

Overnight, LME lead opened at $1,964/mt, fluctuating rangebound around the daily average during the Asian session. Entering the European session, it initially fell then rose, touching a high of $1,968.5/mt before pulling back again, declining to a low of $1,949.5/mt, and finally closed at $1,952/mt, down $14.5/mt or 0.74%.
During the Chinese New Year holiday, LME lead showed a weak and rangebound trend, trading overall between $1,943.5/mt and $1,974/mt. As of 18:00 on Feb. 23, it closed at $1,962.5/mt, down $9.5/mt from the pre-holiday (Feb. 13) closing price.
SHFE lead was closed for the Chinese New Year holiday.

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