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SMM Lead Morning Comments        

  • Feb 01, 2024, at 10:00 am
Overnight, LME lead opened at US$2,175.5/ton. LME lead stocks increased by more than 3,000 tons, dragging down LME lead to a low of US$2146.5/ton. The Federal Reserve did not adjust interest rates as scheduled, the US dollar fell sharply, and LME lead stopped falling and repaired some of its losses, finally closing at US$2,162/ton, a decrease of 0.73%.
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