Lead Ingot Transactions Sluggish, Lead Prices in Sideways Movement [Lead Futures Brief Review]

Published: Jan 23, 2025 15:44

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[SMM SHFE Lead Brief Review] During the day, the most-traded SHFE lead 2503 contract opened at 16,745 yuan/mt. After the opening, it first declined and then rebounded, hitting an intraday low of 16,645 yuan/mt. By the end of the session, it rebounded to make up for earlier losses and closed at 16,705 yuan/mt...

SMM, January 23, 2025

— During the day, the most-traded SHFE lead 2503 contract opened at 16,745 yuan/mt. After opening, it first declined and then rebounded, hitting a low of 16,645 yuan/mt during the session. It rebounded at the close, ending at 16,705 yuan/mt with a % change of 0. Open interest stood at 45,674 lots.

As the countdown to the holiday trading days begins, many upstream and downstream enterprises in the lead industry chain have entered holiday mode. Transactions of lead ingots were sluggish, and lead prices remained in a sideways movement.

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