SMM, May 7:
South China lead in Guangdong market is 14225 yuan / ton, the average price of SMM1# lead is up 50 yuan / ton. Henan Yuguang, Wanyang and other smelters give priority to Jiaochang list, Jinli, Wanyang 14175 yuan / ton, the average price of SMM1# lead is flat (trader), Hunan Shuikoushan 14225 yuan / ton, the average price of SMM1# lead rises 50 yuan / ton, Hunan Jingui 14125 yuan / ton, the average price of SMM1# lead 50 yuan / ton. Jiang copper 14175 yuan / ton, SMM1# lead average price flat water quotation. Yunnan small factory 13975 yuan / ton, the average price of SMM1# lead discount 200 yuan / ton quotation. Today, the downstream procurement is mainly recycled lead, smelters and traders basically maintain flat water quotations, and market trading is weakening.
![SHFE lead 2611 contract meets resistance at previous high, volume shrinks and open interest declines as it shifts to high-level consolidation [SMM Lead Morning News]](https://imgqn.smm.cn/usercenter/mfCMp20251217171721.jpeg)
![SHFE lead 2611 contract overbought pullback, closing down 0.58% [Lead Futures Brief Comment]](https://imgqn.smm.cn/usercenter/LCtEk20251217171721.jpeg)

