Spot Market Performance Was Poor; Both Lead Futures Closed Lower Last Friday [SMM Lead Morning Brief]

SMM January 6:

Last Friday, LME lead opened lower with a gap at $1,937/mt. During the Asian session, it briefly touched a high of $1,937.5/mt before fluctuating downward. Due to the high-level fluctuation of the US dollar index, LME lead came under pressure during the European session, dipping to $1,920/mt and finally closing at $1,921/mt, down 0.65%.

On Friday night, the most-traded SHFE lead 2502 contract opened at a low of 16,615 yuan/mt. After briefly touching a high of 16,760 yuan/mt in early trading, it fluctuated around the intraday moving average and finally closed at 16,690 yuan/mt, down 0.21%.