Downstream resumption expectations boost, the most-traded SHFE lead contract records three-day winning streak [Lead Futures Review]

SMM February 27 News:

The most-traded SHFE lead 2604 contract opened at 16,800 yuan/mt. With the pace of downstream resumption accelerating around the Lantern Festival, expectations for demand recovery strengthened, and market sentiment warmed up. After a brief dip, lead prices fluctuated upward, reaching a high of 16,850 yuan/mt, then consolidated sideways towards the end of the session, closing at 16,840 yuan/mt. It recorded a three-day winning streak, rising by 45 yuan/mt, or 0.27%. In the short term, the market is in a state of supply-demand contest, and it is expected that lead prices will continue to move sideways.

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