Weekly Review of Lead Prices (April 28, 2025 - April 30, 2025) [[SMM Weekly Lead Review]]

SMM News on April 30:

This week, LME lead opened at $1,948/mt, initially touching a low of $1,942/mt. As Trump gradually eased tariff policies, the center of the US dollar index shifted downward, releasing pressure on LME lead and prompting it to rebound and make up for lost ground. The center of its price movement during the week was at $1,970/mt, with a high of $1,972/mt reached during the period. As of 15:00 Beijing time on April 30, 2025, it closed at $1,972.5/mt, up 1.41%.

This week, the SHFE lead 2506 contract opened at a low of 16,940 yuan/mt. Boosted by the upward movement of LME lead, SHFE lead reached a high of 17,020 yuan/mt mid-week. However, due to limited stockpiling efforts by downstream battery producers ahead of the holiday and some enterprises entering the holiday period early, the sluggish performance of spot lead ingots dragged down lead prices. On Wednesday, SHFE lead dropped to a low of 16,765 yuan/mt. Thanks to the price support from scrap batteries, SHFE lead rebounded from its lows at the end of the trading day, closing at 16,840 yuan/mt, down 0.62%. Due to the Labor Day holiday, the SHFE lead market will be closed from May 1 to 5.

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