SMM News, March 6:
This week, LME lead opened at $1,940/mt. Early in the session, affected by the rapid fading of geopolitical safe-haven sentiment and broad weakness across the nonferrous metals sector, lead prices fluctuated downward and once fell to $1,927.5/mt. Subsequently, market sentiment somewhat recovered, and lead prices fluctuated upward, touching a high of $1,949/mt. As bullish momentum weakened, prices turned weaker again and finally closed at $1,933/mt, down $13/mt from the beginning of the week, a decline of about 0.67%.
This week, the most-traded SHFE lead contract opened at around 16,780 yuan/mt, and early-session lead prices climbed to 16,815 yuan/mt. Subsequently, affected by both weak supply and weak demand in the spot market, prices fluctuated downward. During the session, lead prices rebounded slightly, but bearish strength remained strong, and the price center moved lower again. Near the close, after consolidating at lows, lead prices fell to 16,550 yuan/mt and finally closed at 16,555 yuan/mt, down about 220 yuan/mt from the beginning of the week, a decline of about 1.31%.
》Subscribe to View Historical SMM Metal Spot Prices
