SMM Analysis: Can Lead Prices Hold the 17,000 Yuan/mt Level Amid "Internal and External Challenges"?
SMM, April 2: Recently, the price center of lead has gradually shifted downward. The most-traded SHFE lead 2505 contract successively broke through the 5-day, 10-day, 20-day, and 40-day daily average lines. As of 15:00 on April 2, SHFE lead closed at 17,360 yuan/mt, down 0.26%. Meanwhile, the US tariff hike incident has intensified, leading to widespread declines in overseas non-ferrous metals. Among them, LME lead fell below the $2,000/mt level, hitting a low of $1,984/mt, the lowest in a month.