SMM August 22 News:
This week, LME lead opened at $1,982.5/mt and fluctuated considerably around the $1,975/mt level. In the first half of the week, LME lead reached a high of $1,988.5/mt. Later, due to a significant increase in LME lead inventory by over 20,000 mt, the center of LME lead's movement shifted downward, reaching a low of $1,965/mt. In the second half of the week, LME lead continued to move sideways. As of 15:00 Beijing time on August 22, 2025, it finally closed at $1,975/mt, down 0.3%.
This week, SHFE lead 2509 contract opened at 16,810 yuan/mt and moved upward with fluctuations in the first half of the week, reaching a high of 16,865 yuan/mt. Mid-week, affected by the decline in LME lead, SHFE lead plummeted to a two-week low of 16,680 yuan/mt. In the second half of the week, the tug-of-war between longs and shorts intensified. After a slight rebound, SHFE lead basically consolidated between 16,700-16,800 yuan/mt, finally closing at 16,780 yuan/mt, down 0.42%.
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