The most active SHFE 2311 lead contract prices opened at 16515 yuan/mt today, and closed at 16415 yuan/mt, a decrease of 1.94%. Open interest decreased by 96 lots to 85440 lots, and trading volumes grew 18748 lots to 61052 lots.
Sellers were slightly less enthusiastic about selling as SHFE lead prices edged down, and the discounts narrowed compared with yesterday. Downstream companies purchased on demand, and transactions under small orders were brisk. The most active SHFE lead may still maintain a range-bound trend in the short term.

![상하이 선물거래소 연, 상단 그림자 길게 남기며 0.03% 하락, 고점 횡보 국면 유지 [연 선물 단평]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)

