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[SMM Analysis: SHFE Lead Reverts to "Back" Structure After 9 Months—What Happened in the Lead Market?] SMM October 23: SHFE lead prices surged strongly today, with intraday gains exceeding 600 yuan/mt, soaring to a high of 17,760 yuan/mt, the highest level in nearly seven months.
![Lead Market Got Off to A Strong Start After National Day Holiday, How Will Fundamentals Perform in October? [SMM Analysis]](https://imgqn.smm.cn/news/FlSVO20220406172138.jpg)
Oct 09, 2025 20:43
[SMM Analysis: Lead Market Starts Strong After National Day Holiday, How Will Fundamentals Perform in October?] SMM October 9: As of 15:00 on October 9, LME lead closed at $2,016.5/mt, up 0.69% from the opening price. The most-traded SHFE lead 2511 contract closed at 17,115 yuan/mt, up 0.67% from the opening price, after hitting a session high of 17,155 yuan/mt. Following the National Day & Mid-Autumn Festival holiday, lead prices both domestically and overseas started with gains.










