Downstream resumption expectations boost, the most-traded SHFE lead contract records three-day winning streak [Lead Futures Review]

Published: Feb 27, 2026 16:34

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SMM February 27 News:

The most-traded SHFE lead 2604 contract opened at 16,800 yuan/mt. With the pace of downstream resumption accelerating around the Lantern Festival, expectations for demand recovery strengthened, and market sentiment warmed up. After a brief dip, lead prices fluctuated upward, reaching a high of 16,850 yuan/mt, then consolidated sideways towards the end of the session, closing at 16,840 yuan/mt. It recorded a three-day winning streak, rising by 45 yuan/mt, or 0.27%. In the short term, the market is in a state of supply-demand contest, and it is expected that lead prices will continue to move sideways.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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