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Bears Reduced Positions During the Day, SHFE Lead Closed Slightly Higher [Lead Futures Brief Review]
Feb 26, 2025, at 4:03 pm
[SMM Lead Futures Brief Review] During the day, the most-traded SHFE lead 2504 contract opened at 17,170 yuan/mt, briefly touched a high of 17,220 yuan/mt in early trading before declining, fluctuated around 17,145 yuan/mt near the close, and finally settled at 17,140 yuan/mt, up by 0.06%, with an open interest of 47,055 lots...
SMM February 26, 2025: During the day, the most-traded SHFE lead 2504 contract opened at 17,170 yuan/mt, briefly touched a high of 17,220 yuan/mt in early trading before declining, fluctuating around 17,145 yuan/mt near the close, and finally settled at 17,140 yuan/mt, up 0.06%, with an open interest of 47,055 lots. Following the completion of the delivery of the SHFE lead 2502 contract last week, production at primary and secondary lead smelters further recovered (including those affected by the Chinese New Year break, equipment maintenance, and the commissioning of new capacity). The lead spot market supply remained relatively ample. Overall, lead prices are expected to maintain a fluctuating trend in the short term. 》Subscribe to view SMM historical spot metal prices
