SMM January 3 News:
This week, LME lead opened at $1,966.5/mt, briefly touching a high of $1,967.5/mt in early trading. Pressured by a slight rise in the US dollar, LME lead weakened slightly. The market was closed on Wednesday for the New Year's Day holiday. After the opening, it continued to fluctuate downward, hitting a low of $1,925.5/mt on Friday. As of 15:00 on Friday, it closed at $1,926/mt, down 2.03%.
This week, the most-traded SHFE lead 2502 contract opened at 16,880 yuan/mt, briefly touching a high of 16,915 yuan/mt in early trading before fluctuating downward. The market was closed on Wednesday for the New Year's Day holiday. After the holiday, market trading activity remained low, and downstream purchase willingness was weak. SHFE lead fluctuated downward, hitting a low of 16,620 yuan/mt and closing at 16,685 yuan/mt, down 0.98%.
