SMM lead market morning comment (Feb 22)

LME lead opened at $2,052.5/mt on Wednesday, reaching a low of $2,046/mt, but hiked to $2,081.5/mt amid falling US dollar index and overseas inventory erosion, and finally closed up 1.22% at $2,080.5/mt.

Overnight, the most-traded SHFE 2403 lead contract opened up to 15,845 yuan/mt, and moved up to a high of 15,920 yuan/mt amid LME lead price gain before falling to a low of 15,840 yuan/mt, and finally closed up 0.06% at 15,850 yuan/mt.