Weekly Review of Lead Futures Prices, 2026.4.20-2026.4.24 [SMM Lead Weekly Review]

Published: Apr 24, 2026 15:49

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SMM April 24:

LME lead opened at $1,958/mt this week, fluctuating upward initially to reach a high of $1,985.5/mt. Futures then fluctuated downward, and despite brief rebounds, upward momentum was insufficient, with prices dipping again to $1,945/mt. The market entered a consolidation phase toward the end, ultimately closing at $1,952.5/mt, down $5.5/mt or 0.28% from the weekly open.

The most-traded SHFE lead contract opened at 16,840 yuan/mt this week, dipping slightly before rebounding to a high of 16,900 yuan/mt. Weighed down by sluggish downstream consumption and weak fundamental support, prices fluctuated downward to a low of 16,590 yuan/mt. The market maintained a weak consolidation toward the end, closing at 16,670 yuan/mt, down 135 yuan/mt or 0.8% WoW.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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