SMM Flash News: Trump Signs Executive Order on Tariffs, LME Lead Inventories Surge, SHFE Lead Prices Decline

Published: Apr 16, 2025 16:36

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【SMM Flash News】On April 15 local time in the US, President Trump signed another executive order, specifically emphasizing, "Due to retaliatory actions, China is now facing tariffs of up to 245% on US imports." On April 16, the London Metal Exchange (LME) released inventory data showing that lead inventories increased by 17,575 mt to 283,125 mt. Bearish macro sentiment combined with a significant inventory buildup of overseas lead led to a reduction in long positions, causing SHFE lead to fluctuate downward. During the day, the most-traded SHFE lead 2505 contract opened at 16,750 yuan/mt, touched a low of 16,630 yuan/mt in the afternoon, and finally closed at 16,655 yuan/mt, down 0.89%.

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