Intraday Bulls Increase Positions as the Most-Traded SHFE Lead Contract Surpasses the 17,000 Mark [Lead Futures Brief Commentary]

SMM reported on January 5, 2025:

During the day, the most-traded SHFE lead 2503 contract opened higher with a gap at 16,750 yuan/mt. Bulls increased positions, boosting SHFE lead upward. By the end of the session, it peaked at 17,110 yuan/mt and closed at 17,095 yuan/mt, up 2.33%, with an open interest of 5,933 lots. Downstream battery producers gradually resumed operations, and the recovery of lead ingot purchase willingness may continue to support lead prices in the short term.

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