[SMM Analysis: SHFE/LME Lead Price Ratio Divergence, Lead-Acid Battery Export Pattern Reversal, 2024-2025]
SMM reported on March 21: According to customs data, lead-acid battery imports in February 2025 were 510,800 units, up 29.5% MoM and 57.06% YoY; cumulative lead-acid battery imports from January to February 2025...
![Support and resistance coexist, SHFE lead moves sideways above 16,000 [Lead Futures Brief Comment]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)


