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Weekly Review of Lead Prices, 2025.2.17-2025.2.21 [SMM Lead Weekly Review]

  • Feb 21, 2025, at 3:31 pm
SMM, February 21: This week, LME lead opened at $1,983.5/mt, fluctuated around the $1,990/mt level during the week, with a low of $1,972.5/mt and a high of $2,011/mt at the close. As of 15:00 on Friday, it settled at $1,993/mt, up by 0.55%. This week, the most-traded SHFE lead 2503 contract opened at 17,200 yuan/mt. It fluctuated upward at the beginning of the week, reaching a high of 17,290 yuan/mt. Mid-week, rumors of production cuts by a major lead-acid battery producer caused bulls to exit the market, leading lead prices to dip to 16,970 yuan/mt. However, with secondary lead smelters resuming production and scrap prices providing strong support for lead prices, SHFE lead rebounded in the latter half of the week, finally settling at 17,120 yuan/mt, down by 0.35%. 》Subscribe to view SMM historical spot metal prices
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