Weekly Review of Lead Futures Prices (June 15-18, 2026) [SMM Lead Weekly Review]

SMM, June 18:

This week, LME lead opened at $1,965/mt, edged down to $1,962/mt in early trading before fluctuating upward. The futures continued to rally, reaching a high of $1,987 during the session. After the surge, bulls took profits and exited, causing prices to pull back and enter range-bound consolidation, with repeated intraday swings. Near the end of the trading day, prices fell quickly under pressure, saw a brief recovery from the lows, and closed the week at $1,970/mt, up $5/mt for the week, a gain of 0.25%.

This week, the most-traded SHFE lead 2607 contract opened at 16,055 yuan/mt, briefly dipped to a low of 16,035 yuan/mt at the start of the week, and then began a fluctuating upward trend. During the session, prices touched a high of 16,520 yuan/mt before moving sideways in the 16,425-16,510 yuan/mt range, encountered resistance, and pulled back slightly near the weekend, eventually closing at 16,400 yuan/mt, forming a small bullish candlestick. The contract rose 345 yuan/mt, a gain of 2.15%. The Chinese market will be closed tomorrow for the Dragon Boat Festival holiday, with no trading activity.