To better serve our customers and enhance the efficiency of the SMM database, we will optimize and adjust the existing classification of the non-ferrous database in June 2025. This adjustment will not involve any changes to the data.

Overnight, LME copper opened at $9,636.5/mt. It initially rose to a high of $9,645.0/mt, then fluctuated downward.

[SMM Morning Lead News: Trading Direction Remains Unclear, Lead Prices Continue to Consolidate] SMM News on May 29: Overnight, LME lead opened at $1,985.5/mt. The market trading direction remained unclear, with sluggish trading activity in the futures market. Coupled with high inventory pressure, LME lead prices were in the doldrums throughout the day...

[SMM Lead Morning Meeting Summary: Stalemate Between Lead Cost and Weak Consumption, Lead Prices Expected to Remain in Consolidation] US Fed Meeting Minutes: Higher Uncertainty Suitable for Cautious Interest Rate Cut, Nearly All Members Mention Inflation Risks, Reiterating Fear of "Tough Trade-offs". As the Dragon Boat Festival holiday approaches, some lead-acid battery enterprises plan to take a holiday ranging from 1 to 3 days. The purchasing enthusiasm of downstream enterprises before the holiday is weak, and the inventory of lead ingot warrants continues to accumulate...

The most-traded SHFE lead 2507 contract opened at 16,760 yuan/mt today.

[SMM Shanghai and Other #1 Lead Markets: Lead Price Center Moves Lower, Some Suppliers Expand Discount for Sales] SMM May 28 Report: In the Shanghai market, Chihong and Honglu lead are priced at 16,700-16,760 yuan/mt, quoted at a discount of 20-0 yuan/mt against the SHFE lead 2506 contract. In the Jiangsu-Zhejiang region, JCC lead is priced at 16,700-16,760 yuan/mt, quoted at a discount of 30-0 yuan/mt against the 2506/2507 contracts. SHFE lead continues to be in the doldrums, with suppliers selling at market prices...

[SMM Lead Midday Review: Refined Lead Suppliers' Willingness to Sell Remains Low, Parity Ex-Factory Transactions Hard to Close] SMM reported on May 28: Today, the SMM 1# lead average price dropped by 50 yuan/mt from yesterday to 16,575 yuan/mt, with the price difference between primary metal and scrap at 0 yuan/mt. Secondary refined lead suppliers' willingness to sell remains low, with fewer quotes offered.

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...