SMM Weekly Lead Review: Macro Sentiment Drives Price Fluctuations Upwards, Spot-Futures Spread Widens as Supply-Demand Rises

Published: Mar 7, 2025 15:53

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[SMM Weekly Lead Review: Macro Sentiment Boosts Lead Prices to Fluctuate Higher, Spot Market Spot-Futures Price Spread Widens] In the spot market, during this week (March 1–March 7, 2025), SMM #1 refined lead prices climbed steadily, peaking at 17,200 yuan/mt. Downstream operations gradually resumed, and the supply of refined lead from smelters that completed maintenance in February increased, leading to a simultaneous rise in supply and demand in the spot market.

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