Overnight, LME lead opened at $2,041/mt. During the Asian session, it first declined and then rebounded, with a low of $2,034.5/mt. Entering the European session, with bulls increasing their positions, LME lead surged to $2,065/mt and finally closed at $2,063.5/mt, up 1.2%.

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Continue to Consolidate, with Regional Improvement in Spot Market Transactions] SMM News on July 2: In the Shanghai market, Chihong and Honglu lead were priced at 17,045-17,135 yuan/mt, quoted at a discount of 10-0 yuan/mt against the SHFE lead 2508 contract or at a discount of 50 yuan/mt against the SHFE lead 2507 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,090-17,115 yuan/mt, quoted at a discount of 30-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead prices continued to consolidate, with suppliers quoting at a discount...

[SMM Shanghai and Other No.1 Lead Markets: SHFE Lead Weakens and Consolidates, with Significant Differences in Spot Market Transactions] SMM News on July 1: In the Shanghai market, Chihong and Honglu lead were priced at 17,025-17,100 yuan/mt, quoted at a discount of 20-10 yuan/mt against the SHFE lead 2508 contract or at a discount of 50 yuan/mt against the SHFE lead 2507 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were priced at 17,080-17,090 yuan/mt, quoted at a discount of 30-20 yuan/mt against the SHFE lead 2508 contract. SHFE lead maintained a weak and consolidating state, with suppliers selling spot cargo according to market conditions...