Weekly Review of Lead Prices (May 19, 2025 - May 23, 2025) [SMM Weekly Lead Review]

SMM May 23 report:

This week, LME lead opened at $1,997/mt, touching a high of $2,009/mt early in the week. Mid-week, influenced by a combination of macro sentiment and spot performance, it formed a "W-shaped" pattern, reaching a low of $1,947.5/mt. As of 15:00 Beijing time on May 23, 2025, it closed at $1,985/mt, down 1.05%.

This week, the SHFE lead 2507 contract opened at 16,920 yuan/mt, touching a high of 16,990 yuan/mt early in the session. It oscillated around the 16,840 yuan/mt level during the week. Due to unstable macro sentiment and weak spot performance, SHFE lead reached a low of 16,655 yuan/mt. It rebounded and rallied before the close, finally closing at 16,860 yuan/mt, down 0.21%.

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