Overnight, LME lead opened at $2,195/mt, and continued its downward trend, hitting a low of $2,175.5/mt, and closed at $2,177.5/mt, down $17.5/mt, a decrease of 0.8%.
Overnight, the most-traded SHFE 2408 lead contract opened at 19,455 yuan/mt. After reaching a high of 19,520 yuan/mt at the beginning of the session, it fluctuated downward and closed at 19,370 yuan/mt, down 110 yuan/mt, a decrease of 0.56%.

![Suppliers Held Prices Firm and Held Back from Selling, Secondary Lead Inventory Continued to Accumulate [SMM Secondary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![SMM Weekly Operating Rate of Secondary Lead Smelters (2026.3.27-2026.4.2) [SMM Lead Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
