Weekly Review of Lead Futures Prices, 2025.2.24-2025.2.28 [SMM Weekly Lead Review]

Feb 28, 2025, at 3:30 pm

SMM February 28 News: This week, LME lead opened at $2,004.5/mt and fluctuated around the $2,000/mt level during the week. In the first half of the week, pressured by a slight rebound in the US dollar index compared to last Friday, LME lead fluctuated downward to a low of $1,978/mt. Due to weak US consumer confidence data, the US dollar index pulled back, and LME lead rebounded to a high of $2,024/mt on Wednesday. However, following US President Trump's announcement of tariffs on Canada and Mexico starting next week, the US dollar index surged on Thursday, leading to weaker performance for LME lead in late trading. By 15:00 on Friday, it closed at $1,997.5/mt, down 0.25%. This week, the most-traded SHFE lead 2504 contract opened at 17,090 yuan/mt. Early in the week, it was dragged down by weak domestic market consumption and LME lead trends, hitting a low of 17,035 yuan/mt. With the arrival of March, restocking demand for lead ingots from downstream lead-acid battery producers increased, improving market transactions mid-week. SHFE lead rebounded and maintained a consolidating trend, with a high of 17,235 yuan/mt during the period, and finally closed at 17,190 yuan/mt, down 0.35%. 》Subscribe to view SMM historical spot metal prices

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