SHANGHAI, Jan. 16 (SMM) – On Monday, SHFE 1703 lead started at RMB 19,070/mt and then advanced to RMB 19,200/mt briefly. The contract later rolled back and dipped to RMB 18,775/mt at the tail of trading. SHFE 1703 lead closed at RMB 18,900/mt, up RMB 190/mt or 1.02%. Trading volumes increased 15,788 to 56,336 lots and positions rose 3,264 to 32,734. SHFE 1703 lead couldn’t stabilize above RMB 19,000/mt on Monday due to falling LME lead and quiet trading in China’s spot market. But strong ferrous metals supported the contract to rise. SHFE 1701 lead opened at RMB 19,210/mt and finally closed at RMB 18,800/mt with settlement price at RMB 47,597/mt. Trading volumes was 660 lots and positions fell 50 to 7,870.
SHFE Lead Prices Up 1.02% (2017-1-16)
SHFE 1703 lead started at RMB 19,070/mt and finally closed at RMB 18,800/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
![Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
9 hours ago
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
Read More
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
9 hours ago
![Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
9 hours ago
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
Read More
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
9 hours ago
![SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
10 hours ago
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
Read More
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
10 hours ago
Related News
Secondary Lead Raw Material Recycling Diverged, Secondary Crude Lead Supply Tightened and Prices Are Expected to Remain Firm in the Future [SMM Scrap Battery & Secondary Crude Lead Weekly Review]
Mar 27, 2026 16:48
Downstream Enterprises Bought the Dip, and Primary Lead Enterprise Plant Inventory Continued to Decline [SMM Weekly Review of Primary Lead Inventory]
Mar 27, 2026 16:30
SHFE Lead Closed Slightly Higher Intraday, Lead Prices Remained Volatile Amid the Tug-of-War Between Sellers and Buyers [Brief Commentary on Lead Futures]
Mar 27, 2026 16:27
The Traditional Off-Season Is Approaching, and Downstream Enterprises Are Relatively Cautious in Procuring Raw Materials [SMM Lead-Acid Battery Market Weekly Review]
Mar 27, 2026 16:26