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Home / Metal News / The market sentiment is strongly bullish, with SHFE lead rising 0.21% during the day [Brief comment on lead futures]
The market sentiment is strongly bullish, with SHFE lead rising 0.21% during the day [Brief comment on lead futures]
Jul 4, 2025 16:31Source:SMM
SMM, July 4, 2025
The most-traded SHFE lead 2508 contract opened at 17,285 yuan/mt today, oscillating around the 17,275 yuan/mt level throughout the day, and finally closed at 17,295 yuan/mt, up 0.21%, with an open interest of 51,672. The downstream demand for lead ingots has improved, driving up lead prices and boosting the production enthusiasm of secondary lead smelters. Bears reduced their positions, and the market sentiment turned bullish. Lead prices are expected to hold up well in the near term. Attention should be paid to the increase in lead ingot supply and the potential drag on lead prices from a supply surplus.
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