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Lead Ingot Inventory Continues to Rise, LME and SHFE Lead Stop Falling and Rebound [SMM Lead Morning News]

iconDec 11, 2025 09:01
[SMM Lead Morning News: Lead Ingot Inventory Continues, LME Lead and SHFE Lead Stop Falling and Rebound] SMM December 11 News: Overnight, LME lead opened at $1,983/mt. Ahead of the US Fed's interest rate decision, the market awaited results quietly, with LME lead trading being mediocre. For most of the session, it consolidated within the range of 1,980-1,990 yuan/mt......

SMM News on December 11:

Overnight, LME lead opened at $1,983/mt. Ahead of the US Fed meeting, the market awaited the outcome, resulting in mediocre trading in the LME lead market. It consolidated mostly between $1,980-1,990/mt throughout the day. Towards the close, as the US dollar weakened, LME lead reversed its trend and rebounded, eventually closing at $1,984/mt, up 0.4%.

Overnight, the most-traded SHFE lead 2601 contract opened at 17,155 yuan/mt. After opening, dragged down by the weakness in LME lead, SHFE lead fluctuated and pulled back to around 17,090 yuan/mt. Meanwhile, the open interest of the 2601 contract gradually declined, with positions shifting to the 2602 contract. SHFE lead finally closed at 17,095 yuan/mt, up 0.12%. Its open interest stood at 38,336 lots, down 979 lots from the previous trading day.

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