Weekly Review of Lead Futures Prices (December 1-5, 2025) [SMM Lead Weekly Review]

December 5, 2025:

This week, LME lead opened at $1,986/mt. After a slight drop to a low of $1,975/mt early in the session, it surged straight up, fluctuating considerably between $1,988/mt and $2,010/mt mid-week. It climbed again towards the close, touching a high of $2,022.5/mt. As of 15:00 Beijing time on December 5, 2025, it finally settled at $2,016/mt, up $35/mt, a gain of 1.77%.

This week, the most-traded SHFE lead 2601 contract opened at 17,100 yuan/mt. It fluctuated weakly downward initially, falling to 17,010 yuan/mt. Subsequently, due to low social lead ingot inventory and strong purchasing enthusiasm from the demand side, SHFE lead fluctuated upward, with its price center shifting higher. Mid-week, SHFE lead moved sideways around its daily average line. It rose again towards the close, with the uptrend holding firm, touching a high of 17,375 yuan/mt, and finally settled at 17,290 yuan/mt, up 200 yuan/mt, a gain of 1.17%.

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