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Home / Metal News / Spot Cargo Performance Bears on Lead Prices, While Raw Material Costs Still Provide Support [Brief Commentary on Lead Futures]
Spot Cargo Performance Bears on Lead Prices, While Raw Material Costs Still Provide Support [Brief Commentary on Lead Futures]
Apr 30, 2025 15:58Source:SMM
[SMM Lead Futures Brief Commentary] During the day, the most-traded SHFE lead 2506 contract opened at 16,880 yuan/mt. After briefly touching a high of 16,920 yuan/mt in the early session, it fluctuated downward, reaching a low of 16,765 yuan/mt in the closing session, and finally closed at 16,840 yuan/mt, down 0.33%, with an open interest of 34,434.
SMM, April 30, 2025
The most-traded SHFE lead 2506 contract opened at 16,880 yuan/mt today. After briefly touching a high of 16,920 yuan/mt in the early session, it fluctuated downward, reaching a low of 16,765 yuan/mt in the late session before closing at 16,840 yuan/mt, down 0.33%, with an open interest of 34,434. Due to the strong holiday sentiment among downstream battery producers, trading activity in the spot market was low, and bulls reduced their positions, causing SHFE lead to decline. The availability of scrap batteries in the market was scarce, and secondary lead smelters raised their purchase quotes again in the afternoon. Raw material costs provided support for lead prices, and SHFE lead rebounded from its lows.
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