SHFE Lead Dropped Back Slightly by the Close, Gained 0.45% Today [Brief Review of Lead Futures]

SMM, January 20, 2025

— During the day, the most-traded SHFE lead 2503 contract opened at 16,750 yuan/mt. After opening, it first declined and then rebounded, reaching a high of 16,840 yuan/mt in the afternoon. It pulled back slightly by the close, ending at 16,785 yuan/mt, up 0.45%, with an open interest of 45,341 lots. This week, being the week before the Chinese New Year, trading in the lead spot market entered the countdown phase. Most downstream enterprises completed their pre-holiday stockpiling, and lead prices maintained a fluctuating trend.

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