Weekly Review of Lead Prices (May 12, 2025 - May 16, 2025) [SMM Lead Weekly Review]

SMM May 16 News:

This week, LME lead opened at $1,986/mt. It briefly touched a low of $1,963/mt at the beginning of the week and oscillated around the $1,985/mt level during the week. US retail sales in April slowed down significantly, and PPI unexpectedly declined as policies such as tariffs began to curb demand. The center of the US dollar index moved lower. LME lead pulled back slightly after reaching a high of $2,005/mt in the late session. As of 15:00 Beijing time on May 16, 2025, it closed at $1,984/mt, down 0.08%.

This week, the SHFE lead 2506 contract opened at 16,900 yuan/mt. It briefly touched a low of 16,800 yuan/mt at the beginning of the session and oscillated around the 16,930 yuan/mt level during the week, with a high of 17,050 yuan/mt. Due to poor spot performance, SHFE lead faced upward pressure, and it gave up most of its gains in the late session, closing at 16,870 yuan/mt, up 0.39%.

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