SMM April 30:
LME lead opened at $1,963/mt this week, fluctuating at highs in early trading and touching a high of $1,966.5/mt. It then moved sideways without a clear trend during the session, before fluctuating downward near the close, dipping to a low of $1,942/mt and ultimately closing at $1,943/mt, down $8.5/mt WoW, a decline of 0.43%.
The most-traded SHFE lead contract opened at 16,715 yuan/mt this week. From early to mid-session, it exhibited a range-bound pattern without a clear upward or downward trend, maintaining wild swings within the 16,670-16,795 yuan/mt range and touching a high of 16,795 yuan/mt multiple times. Near the close, lead prices fluctuated downward under the impact of weak downstream consumption, dipping to a low of 16,575 yuan/mt and ultimately closing at 16,630 yuan/mt, down 40 yuan/mt WoW, a decline of 0.24%.
![SMM Primary Lead Smelter Weekly Operating Rate (April 24-30, 2026) [SMM Primary Lead Operating Rate Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
