Both trading volume and trading enthusiasm were low in the spot order market for lead ingots, with SHFE lead prices fluctuating. [Brief Commentary on Lead Futures]

SMM, June 11, 2025

The most-traded SHFE lead 2507 contract opened at 16,815 yuan/mt today, maintaining a rangebound fluctuation during the day. It reached a high of 16,875 yuan/mt and closed at 16,845 yuan/mt, down 0.21%, with an open interest of 43,989. Suppliers showed low willingness to sell, and downstream buyers adopted a wait-and-see attitude, exercising caution in procurement. Currently, the spot order market for lead ingots is experiencing weak trading activity on both the buying and selling sides, with a strong wait-and-see sentiment prevailing. In the absence of significant changes in macro sentiment, lead prices are likely to maintain a fluctuating trend.

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