SMM March 14 News:
This week, LME lead opened at $2,022.5/mt, briefly touching a low of $2,021.5/mt at the beginning of the session. On Wednesday local time, data released by the US Department of Labor showed that US February CPI inflation was lower than expected across the board, alleviating some market concerns and providing more room for the US Fed to cut interest rates. LME lead fluctuated upward, reaching a high of $2,088.5/mt in the second half of the week, and closed at $2,087/mt as of 15:00 on Friday, up by 3.52%.
This week, the most-traded SHFE lead 2504 contract opened at 17,400 yuan/mt, briefly touching a low of 17,345 yuan/mt at the beginning of the session. Influenced by favourable macro sentiment, domestic environmental protection-driven production restrictions, and rising secondary lead raw material prices, SHFE lead fluctuated upward during the week, surging to a high of 17,755 yuan/mt at the end of the session and closing at 17,725 yuan/mt, up by 0.85%.
