Weekly Review of Lead Futures Prices, 2025.04.21-2025.04.25 [SMM Lead Weekly Review]

SMM April 25th News: Due to the Easter holiday, the LME was closed on Monday. The US dollar index initially fell and then rose during the week. LME lead opened at $1,932/mt on Tuesday, briefly touching a low of $1,915/mt. The tariff issue eased as Trump's stance shifted, and LME lead fluctuated upward in the latter half of the week, reaching a high of $1,965/mt. As of 15:00 Beijing time on April 25th, 2025, it closed at $1,952.5/mt, up 1.3%. The SHFE lead 2506 contract opened at a low of 16,820 yuan/mt this week, fluctuating within the range of 16,800-17,000 yuan/mt. Due to weak end-use consumption, downstream battery producers' purchasing of lead ingots was insufficient. As scrap battery supply tightened and secondary lead smelters increased production cuts or shutdowns, the price center of lead moved upward in the latter half of the week, closing at 16,945 yuan/mt, up 0.53%. Order to view SMM metal spot historical prices.