The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Diaphragm
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Price
Finished Steel
Coke
Coal
Pig Iron
Silicon Steel
Others
Futures
SMM Index
MMi
US Dollar Index Rises Strongly Both Fall Overnight [SMM Lead Morning Brief]
Mar 21, 2025, at 12:08 am
SMM Lead Morning Brief: US Dollar Index Rises Strongly, Both Close Lower Overnight
SMM March 21: Overnight, LME lead opened at $2,089.5/mt, briefly touched a high of $2,095.5/mt at the start of the session before fluctuating downward. As the US dollar index rose strongly, LME lead continued to weaken after entering the European trading hours, dropping to a low of $2,048.5/mt near the close, and finally settled at $2,049.5/mt, down 1.89%.
SMM March 21: Overnight, LME lead opened at $2,089.5/mt, briefly touched a high of $2,095.5/mt before fluctuating downward. Due to the strong rise in the US dollar index, LME lead continued to weaken after entering the European trading session, hitting a low of $2,048.5/mt near the close and finally settling at $2,049.5/mt, down 1.89%. Overnight, the most-traded SHFE lead 2505 contract opened lower with a gap at 17,580 yuan/mt, briefly touched a high of 17,620 yuan/mt, but was dragged down by LME lead, falling to 17,550 yuan/mt, and finally closed at 17,580 yuan/mt, down 0.51%. This week, the SHFE lead 2503 contract completed delivery, and social inventory of lead ingots increased. Recently, primary lead smelters in Henan region entered maintenance, leading to a temporary tightening of lead supply. At the same time, some imported lead ingots cleared customs and entered the domestic market, with most going directly to factories; some secondary lead smelters indicated a discount of 200 yuan/mt against SMM 1# lead average price for self pick-up at ports, while some downstream battery companies indicated that a small discount could be delivered. Recently, SHFE lead maintained a fluctuate upward trend, and attention should be paid to the marginal changes in refined lead supply.
