Overnight, LME copper opened at $9,583.0/mt, touching a low of $9,571.0/mt at the beginning of the session.

[SMM Lead Morning News: Bullish and Bearish Factors Intertwine, LME Lead and SHFE Lead Show Weak Consolidation] SMM reported on May 28: Overnight, LME lead opened at $1,987/mt. Trading in LME lead was sluggish during the Asian session, with prices basically consolidating between $1,980-1,985/mt...

[SMM Lead Morning Meeting Summary: Domestic and Overseas Lead Ingot Inventories Build Up Simultaneously, Center of Lead Price Movement Shifts Downward] From January to April, profits of industrial enterprises above designated size in China continued to rebound, with a year-on-year increase of 1.4%, 0.6 percentage points faster than that from January to March. Recently, domestic and overseas lead ingot inventories have gradually built up. In particular, new capacity of secondary lead enterprises in the domestic market has been put into operation, and supply has shown a steady upward trend. On the one hand, the increase in supply may raise the risk of inventory buildup for lead ingots...

On June 12-13, 2025, the 2025 SMM 2nd Global Secondary Metal Industry Chain Summit Forum, hosted by SMM and co-sponsored by leading domestic and overseas secondary metal enterprises, will be grandly held at the Hyatt Regency Bangkok Suvarnabhumi in Thailand!

[SMM Shanghai and Other 1# Lead Markets: Price Center Moves Lower, Downstream Enterprises Purchase as Needed] SMM May 27 Report: In the Shanghai market, Chihong and Honglu lead are priced at 16,760-16,785 yuan/mt, quoted at a discount of 10-0 yuan/mt against the SHFE lead 2506 contract. In the Jiangsu-Zhejiang region, JCC lead is priced at 16,760-16,785 yuan/mt, quoted at a discount of 10-0 yuan/mt against the 2506 contract. The price center of SHFE lead has moved slightly lower, and there have been no significant changes in the discounts quoted by suppliers...

[SMM Lead Midday Review: Most Suppliers Hold Firm on Refined Lead Quotations and Refrain from Selling, While Downstream Buyers Prefer Primary Lead] SMM reported on May 27: Today, the SMM 1# lead average price fell by 50 yuan/mt from yesterday to 16,625 yuan/mt, with a price difference between primary metal and scrap of 25 yuan/mt. Secondary refined lead suppliers mainly quoted ex-factory prices on par with the SMM 1# lead average price (tax included), with very few sources offering at a discount, and most suppliers refraining from selling.

[SMM Morning Lead News: SHFE Lead Rebounds After Hitting Low During Overseas Holiday Period] SMM reported on May 27: Overnight, the most-traded SHFE lead 2507 contract opened at 16,760 yuan/mt. With warrant inventory reversing the trend to accumulate, SHFE lead fluctuated downward at the beginning of the session...

[SMM Lead Morning Meeting Summary: Difficult to Lower Scrap Prices, Environmental Protection Efforts Resume in South China, Lead Prices May Remain Consolidated in the Short Term] US Fed's Voting Member Next Year: The Pause in Easing May Be Longer, and It's "Uncertain" Whether the Situation Is Clear Enough. Recently, the lead-acid battery market is in the traditional consumption off-season, with limited demand from downstream enterprises for lead ingot purchases. Meanwhile, the production of primary lead and secondary lead enterprises has steadily increased, providing downstream enterprises with more purchasing options...

[SMM Analysis: Downstream Just-in-Time Procurement Favors Warrant Cargoes, Social Inventory of Lead Ingots Declines at a Faster Rate] SMM May 26 News: According to SMM, as of May 26, the total social inventory of lead ingots across five locations tracked by SMM reached 43,400 mt, a decrease of 15,700 mt from May 19 and a decrease of 6,900 mt from May 22.