US dollar index weakens, LME lead stops falling and rebounds [SMM Lead Morning News]

Published: Oct 19, 2026 09:01 (GMT+8)

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[SMM Lead Morning News: US Dollar Index Weakens, LME Lead Stops Falling and Rebounds] SMM, October 19: Last Friday, LME lead opened at $1,887/mt. As the US dollar index weakened, LME lead gradually stopped falling and rebounded...

SMM, October 19:

Last Friday, LME lead opened at $1,887/mt. As the US dollar index weakened, LME lead gradually stopped falling and rebounded, attempting to return to $1,900/mt during the European session, but it failed to do so and ultimately closed at $1,885/mt, down 0.11%.

Last Friday, the most-traded SHFE lead 2612 contract opened at 16,045 yuan/mt. In early trading, SHFE lead dropped sharply to a low of 16,015 yuan/mt, but the destocking of lead ingot inventories provided support for lead prices, and SHFE lead gradually recovered its losses and rebounded to 16,130 yuan/mt. Toward the end of trading, SHFE lead lacked upward momentum and ultimately closed at 16,075 yuan/mt, down 0.12%; open interest was 62,146 lots, an increase of 2,724 lots from the previous trading day.

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