SMM News on March 9:
Last Friday, LME lead opened at $1,945/mt and fluctuated upward during the Asian session. Entering the European session, it continued to rise and hit a high of $1,955/mt before weakening and dipping to $1,937/mt. Before the close, it recovered part of the losses and finally closed at $1,946/mt, up $2.5/mt, a gain of 0.13%.
Last Friday night, the most-traded SHFE lead contract opened at 16,780 yuan/mt. Early in the session, it rose to a high of 16,815 yuan/mt before turning lower and weakening. After touching 16,730 yuan/mt at the low, it rebounded to near the intraday moving average and moved sideways in consolidation, finally closing at 16,765 yuan/mt, up 0 yuan/mt from the previous day’s settlement price, with a % change of 0%.
![The Most-Traded SHFE Lead 2604 Contract Bottomed Out Intraday but Closed Lower; Weak Consumption and Elevated Inventory Weighed on Lead Prices [Lead Futures Brief Commentary]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)
![Refined Lead Inventory Continued to Accumulate, and Upward Momentum in Lead Prices Was Slightly Insufficient [SMM Lead Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
![Complex Macro Environment; Lead Prices Are Expected to Remain in the Doldrums [SMM Lead Market Weekly Forecast]](https://imgqn.smm.cn/usercenter/TmYox20251217171721.jpeg)
