SMM, May 22:
LME lead opened at $1,983.5/mt this week. Trading was sluggish at the beginning, with prices dipping to $1,961/mt. Prices then strengthened to reach a high of $2,010/mt before closing at $2,002.5/mt, up $18.5/mt or 0.93% from the weekly open.
The most-traded SHFE lead contract opened at 16,540 yuan/mt this week. Prices initially moved sideways within the 16,445-16,550 yuan/mt range, then dipped slightly to 16,400 yuan/mt during the session. Prices later rebounded and fluctuated at highs toward the end of the session, touching a high of 16,770 yuan/mt before closing at 16,735 yuan/mt, up 165 yuan/mt or 1.0% for the week.
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![Lead Prices Fell Then Rose During the Week, Secondary Lead Premiums Diverged [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
![Smelter Raw Material Inventory Pullback Combined with Lead Price Recovery Supports Scrap Battery Purchase Prices [SMM Scrap Battery Weekly Review]](https://imgqn.smm.cn/usercenter/qnyHQ20251217171721.jpeg)
