SMM, January 17, 2025
— During the day, the most-traded SHFE lead 2502 contract opened at 16,655 yuan/mt, fluctuated upward after the opening, peaked at 16,780 yuan/mt in the afternoon, and dropped back slightly at the close, finally settling at 16,655 yuan/mt, up by 0.48%, with an open interest of 20,674 lots. After the release of China's macroeconomic data today, which boosted the performance of commodities, coupled with the news of full production by large downstream lead battery producers after the holiday, bears reduced their positions, leading to a fluctuating upward trend in SHFE lead.
![SHFE Lead Rebounded Slightly After an Intraday Dip and Closed with a Small Bearish Candlestick [Lead Futures Brief Review]](https://imgqn.smm.cn/usercenter/qnyHQ20251217171721.jpeg)
![LME Lead Bottomed Out, While SHFE Lead Retreated After Rapid Rise and Consolidated [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
