SMM, January 17:
This week, LME lead opened at $1,978/mt, fluctuated downward in the first half of the week to a low of $1,928/mt. In the second half of the week, supported by a slight weakening of the US dollar index and boosted by China's macroeconomic data, LME lead rebounded and rose to a high of $1,987/mt by the end of trading, closing at $1,980/mt as of 15:00 on Friday, down by 0.05%.
This week, the most-traded SHFE lead 2502 contract opened at 16,665 yuan/mt, fluctuated downward in the first half of the week to a low of 16,420 yuan/mt. In the second half of the week, it rose, supported by expectations of full production after the holiday from major domestic battery producers, reaching a high of 16,780 yuan/mt on Friday and closing at 16,655 yuan/mt, up by 0.33%.
