Weekly Review of Lead Futures Prices, 2026.5.11-2026.5.15 [SMM Lead Weekly Review]

SMM, May 15:

LME lead opened at $1,977/mt this week, dipped slightly to $1,970.5/mt at the beginning of the session, and then began to fluctuate upward. Prices moved sideways within the range of $2,001.5-2,017/mt during the session, reaching a high of $2,017/mt. Near the end of the session, futures fluctuated downward again, ultimately closing at $1,999/mt, up $22/mt from the weekly open, a gain of 1.11%.
The most-traded SHFE lead contract opened at a high of 16,740 yuan/mt this week, then fluctuated downward at the beginning of the session. After prices moved sideways within the range of 16,525-16,580 yuan/mt, they briefly rebounded, but came under pressure again near the weekend, hitting a low of 16,470 yuan/mt and ultimately closing at 16,510 yuan/mt, down a cumulative 200 yuan/mt for the week, a decline of 1.2%.