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Spot Prices Gradually Weaken as Bulls Exit, SHFE Lead Shows Signs of Weakening [Lead Futures Brief Review]
Feb 11, 2025, at 3:45 pm
[SMM Lead Futures Brief Review] During the day, the most-traded SHFE lead 2503 contract opened at 17,200 yuan/mt, briefly touched a high of 17,220 yuan/mt at the beginning of the session before fluctuating downward, and finally closed at 17,130 yuan/mt, down 0.2%, with an open interest of 40,280 lots...
SMM, February 11, 2025
— During the day, the most-traded SHFE lead 2503 contract opened at 17,200 yuan/mt, briefly touched a high of 17,220 yuan/mt in early trading, then fluctuated downward, and finally closed at 17,130 yuan/mt, down 0.2%, with an open interest of 40,280 lots. Due to poor recent transactions, spot lead ingot quotations gradually loosened, especially with the discount of secondary refined lead against the SMM 1# lead average price widening to 100 yuan/mt. Some bulls exited the market, leading to signs of weakening in SHFE lead trends.
