Environmental Protection Impact Is Expected to Improve, SHFE Lead Falls to a One-Month Low [SMM Lead Morning News]

SMM, December 27:

Yesterday, due to the Christmas holiday, multiple exchanges in the European and US markets were closed, and the LME remained shut. Additionally, the LME resumed normal trading today.

Overnight, the most-traded SHFE lead 2502 contract opened at 17,335 yuan/mt. Affected by environmental protection measures, trading showed signs of fatigue, and SHFE lead fluctuated downward, briefly dipping to 17,260 yuan/mt, marking a new low for nearly a month. In the latter half of the session, trading between bulls and bears appeared relatively stagnant, with SHFE lead consolidating around 17,300 yuan/mt for an extended period. It eventually closed at 17,275 yuan/mt, down 0.58%. Its open interest reached 55,385 lots, an increase of 641 lots compared to the previous trading day.