Early-stage positive factors exhausted, lead price uptrend shows reversal [SMM Lead Morning News]

Published: Dec 9, 2025 09:01

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[Lead Morning Brief: Early-stage positive factors exhausted, lead prices show signs of reversal] SMM December 9 news: Overnight, LME lead opened at $2,008/mt. Market news was mediocre, with LME lead fluctuating between $2,005-2,015/mt for an extended period......

SMM December 9:

Overnight, LME lead opened at $2,008/mt. Amid mediocre market news, it fluctuated rangebound between $2,005/mt and $2,015/mt for an extended period. During the late-night session, as the US dollar index strengthened, LME lead fell below the $2,000/mt mark, hitting a low of $1,996/mt, and finally closed at $1,998.5/mt, down 0.52%.

Overnight, the most-traded SHFE lead 2601 contract opened at 17,310 yuan/mt. With bullish and bearish factors in a stalemate, SHFE lead fluctuated rangebound, but its trading center shifted lower compared to the previous day. It ultimately closed at 17,320 yuan/mt, down 0.03%. Open interest decreased by 70 lots to 43,037 lots compared to the previous trading day.

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