SMM Weekly Review: Slight Rise in Lead Prices Amid Strong Wait-and-See Sentiment

Published: Jun 6, 2025 16:56

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[SMM Weekly Review of Refined Lead Spot Market] After the Dragon Boat Festival, lead prices rose slightly, with secondary refined lead producers refusing to budge on prices and holding back sales, leading to a strong wait-and-see sentiment in the market. This week (June 02, 2025 - June 06, 2025), there were only four trading days in the spot market. The most-traded SHFE lead contract saw three consecutive days of gains, reaching a high of 16,795 yuan/mt on Friday. The recovery of secondary lead smelters was limited, with enterprises halting production cuts and suspending shipments or continuing to hold back sales amid the premium market for SMM 1# lead, leading downstream buyers to prefer primary lead supplies.

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