SMM July 4 News:
This week, LME lead opened at $2,040/mt, experiencing in the doldrums in the early session, with a low of $2,034.5/mt. Mid-week, as the US dollar index weakened, LME lead pressure was released and it fluctuated upward, reaching a high of $2,073/mt in the second half of the week. As of 15:45 Beijing time on July 4, 2025, it closed at $2,058.5/mt, up 0.83%.
This week, the SHFE lead 2508 contract opened at 17,105 yuan/mt, fluctuating rangebound around the 17,150 yuan/mt level in the first half of the week, with a low of 17,090 yuan/mt. As the operating rate of lead-acid battery producers improved, bullish funds entered the market in large numbers, causing SHFE lead to jump and reach a high of 17,315 yuan/mt in the second half of the week. It closed at 17,295 yuan/mt, up 0.99%.
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