Lead Futures Price Weekly Review, June 22-26, 2026 [SMM Lead Weekly Review]

SMM, June 26:

This week, the LME lead contract opened at $1,956.5/mt, staying high and consolidating in early trading and peaking at $1,966/mt. It then came under broad pressure, beginning a persistent downtrend, tumbling to a low of $1,903/mt intraday with a notable surge in volume. Prices saw minor, choppy back-and-forth moves at the week’s lows, stabilizing slightly and edging up near the week’s end to close at $1,907.5/mt. The contract lost $49/mt for the week, a decline of about 2.5%, tracing a one-sided drift lower throughout the week.

The most-traded SHFE lead 2608 contract opened the week at 16,420 yuan/mt, then quickly slid right after the open. Its center shifted steadily lower during the week, dipping to an intraday low of 16,170 yuan/mt and overall drifting lower along and below the moving average. On Friday, it hit bottom intraday, staged a modest repair rebound, and saw a slight pickup in volume near the close, ending at 16,280 yuan/mt. The contract fell about 170 yuan/mt for the week – a loss of 1.03% – and formed a bearish candlestick.