[SMM Lead Morning Meeting Summary: US Dollar Falls Back from Highs, Broad Gains in Base Metals, Lead Prices Fluctuate Upward]
Macro side, at noon on the 20th Eastern Time, Donald Trump was sworn in as the 47th President of the US in the Rotunda of the Capitol in Washington and delivered his inaugural address. Market traders' concerns over US import tariffs eased, and they are digesting a series of new economic policies expected to be introduced by the US. The US dollar pulled back from its more than two-year peak. In the last week before the Chinese New Year, logistics and transportation in some regions have already stopped or increased shipping prices. Trading in the lead spot market has entered the countdown phase, with the vast majority of downstream enterprises completing pre-holiday stockpiling, and only a few continuing to purchase on dips as needed.
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