SMM June 26:
This week, SHFE lead futures pulled back slightly, and secondary crude lead prices weakened in tandem. Smelters, facing widening losses, generally held back from selling, leaving spot order supply tight. Additionally, with the rebound in the SHFE/LME price ratio, imported crude lead generated a small profit. Looking ahead to next week, imported crude lead supply activity is expected to increase, while the tight supply pattern, supported by domestic smelter maintenance and tight raw material supplies, will remain unchanged. Overall, short-term sentiment was suppressed by the off-season, and secondary crude lead prices are expected to maintain a fluctuating trend.
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