Highlights of Future price: Market activity remains quiet during the Asian session, with LME 3M lead trading around $1963/t, up 0.03%. Prices moved in a tight range between $1945–$1965, reflecting low volatility and balanced sentiment. Trading remains rangebound as participants wait for clearer signals on supply-demand trend.
Highlights of Asia lead market: Refined lead consumption remains subdued. In China, demand is weak with few spot orders and ex-works quotes around RMB 16,500/t. Across Asia, shortages of remelted lead continue to disrupt production. In Vietnam, smelters are limiting inventory buildup and focusing on long-term contracts, while imports have slowed due to high shipping costs. Long-term premiums are about $90 for 99.97 grade and $130 for 99.99 grade (over LME price).
![SMM May 20 EV Battery Market Summary [SMM Evening News]](https://imgqn.smm.cn/usercenter/ojSqv20251217171720.jpeg)
![[SMM Analysis] Regional price gaps stay high. Why have the high-price and low-price regions of sulfuric acid shifted?](https://imgqn.smm.cn/usercenter/tXxfd20251217171713.jpg)
![SHFE Lead Maintained Fluctuating Trend from Opening to Midday, with Increased Volume and Rising Prices in Late Trading [Lead Futures Brief Commentary]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
