Highlights of Future price: During the Asian session, LME lead 3M opened at $1,968/t and moved steadily higher, touching an intraday high of $1,982/t on mild buying interest. It closed at $1,981/t, up $8 (+0.35%). Gains remained modest, with relatively thin trading activity and cautious market sentiment.
Highlights of the Asia lead market: Spot trading of refined lead remains quiet, and production is moderate due to rising energy and gas costs. For battery companies, final product prices have remained relatively stable without significant increases, as they benefit from economies of scale in mass production. However, most manufacturers expect refined lead prices to continue rising, which could impact their next round of long-term contract negotiations
