LME lead fell amid pressure from US dollar [SMM lead morning comment]

SHANGHAI, Feb 28 (SMM) -

Overnight, LME lead opened at US$2,097/ton. After the opening, LME lead continued the upward trend of the previous few days. Especially during the European period, after LME lead stocks fell by more than 1,000 tons again, LME lead even rose to US$2,110/ton. Subsequently, the US dollar rebounded, lead and zinc fell simultaneously, and LME lead gave up all its daily gains and fell back to around US$2,080/ton, finally closing at US$2,083/ton, a decrease of 0.74%.

The most active SHFE 2404 lead contract prices opened at 15955 yuan/mt and closed at 15930 yuan/mt,down 0.13%. Open interest decreased 141 lots to 44665 lots.