SHANGHAI, May 20 (SMM) – The July-delivery lead contract price in SHFE climbed to RMB 13,280/mt on Wednesday morning as short positions closed. But in the midday business, the contract tumbled on growing US dollar, to touch day’s low of RMB 13,170/mt. The metal finally ended down RMB 205/mt at RMB 13,180/mt.
SHFE 1507 lead should inch lower for near term.

![귀금속, 매크로 주요 검증 구간 진입하며 박스권 유지 [SMM 귀금속 매크로 분석]](https://imgqn.smm.cn/usercenter/yhuhG20251217171735.jpg)

