SMM, January 24:
This week, LME lead opened at $1,967.5/mt, briefly touching a high of $1,995.5/mt in early trading. Due to the ongoing uncertainty surrounding US tariff prospects, market sentiment was pressured, causing LME lead to weaken and hit a low of $1,942/mt. In the latter half of the week, it slightly rebounded and fluctuated around $1,965/mt. As of 15:00 on Friday, it closed at $1,962/mt, down by 0.18%.
This week, the most-traded SHFE lead 2503 contract opened at 16,690 yuan/mt. In the first half of the week, it fluctuated upward, reaching a high of 16,875 yuan/mt. However, with the strong Chinese New Year atmosphere, the lead market's upstream and downstream sectors largely entered a holiday state, leading to reduced trading activity and slightly weaker lead prices. Mid-week, it hit a low of 16,605 yuan/mt. In the latter half of the week, lead prices rebounded from the low, showing an upward fluctuation trend, and finally closed at 16,730 yuan/mt, up by 0.27%.
