LME lead prices opened at $2137/mt and closed at $2123.5/mt in overnight trading, down 0.82%. Entering the European session, the International Lead and Zinc Research Group (ILZSG) stated that there is an excess supply of refined lead globally, and LME lead dropped to as low as $2,120.5/mt.
The most traded SHFE 2311 lead contract opened at 16545 yuan/mt and closed at 16545 yuan/mt, down 1.16%, after briefly hitting the highest point at 16630 yuan/mt and the lowest point at 16490 yuan/mt.
![Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
![Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
![SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
