Lead Ingot Inventory Accumulates, Lead Price Center Shifts Downward [SMM Lead Morning News]

Published: Feb 6, 2026 09:01

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[SMM Lead Morning Brief: Lead Ingot Inventory Accumulates, Lead Price Center Shifts Downward] SMM February 6 News: Overnight, LME lead opened at $1,968.5/mt. With limited fundamental support, LME lead continued to fluctuate downward throughout the day...

SMM Feb. 6:

Overnight, LME lead opened at $1,968.5/mt. With limited fundamental support, LME lead fluctuated downward throughout the day, gradually approaching the $1,950/mt level, and finally closed at $1,954/mt, down 0.66%.

Overnight, the most-traded SHFE lead 2603 contract opened at 16,540 yuan/mt. In early trading, SHFE lead attempted to stabilize above 16,600 yuan/mt. However, affected by the lead ingot inventory buildup, the price center of SHFE lead shifted downward day by day and continuously tested the support at the 16,500 yuan/mt mark. It finally closed at 16,580 yuan/mt, up 0.15%. Open interest decreased by 845 lots to 53,863 lots compared with the previous trading day.

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