SMM February 12, 2025 News
During the day, the most-traded SHFE lead 2503 contract opened at 17,035 yuan/mt. Due to bears reducing positions, SHFE lead fluctuated upward, reaching a high of 17,185 yuan/mt. Before the close, it dropped slightly and finally settled at 17,145 yuan/mt, with a % change of 0 and an open interest of 39,053 lots. As the resumption of work in the upstream and downstream of the lead industry chain accelerated, market activity increased significantly. Additionally, with the delivery date of the SHFE lead 2502 contract approaching, suppliers showed a strong willingness to deliver, while downstream enterprises remained cautious and adopted a wait-and-see approach, leading to a fluctuating trend in lead prices.
