LME Lead 3M Extended Gains from the Previous Session and Stayed Firm around the $1,950-1,960/t range

Highlights of Future Lead 3M price: As of 17 April, Asian trading session opening in a tight but gradually strengthening range during the early trading, edging higher from around $1,950/t to test levels near $1,959/t and closed at $1960/t. Market activity was moderate, with no major breakout, suggesting traders are positioning cautiously ahead of the next key catalysts.

Highlights of the China lead ore market: The lead ore market remains relatively unstable, with pricing still somewhat disordered. High-grade material of lead ore (above 60%) is in tight supply; however, there are no clear signals of a strong upward price trend for lead ore during this time, although competition for ore inventory persists due to the off-season of the lead market.