Overseas markets were closed, the US dollar fell, and the most-traded SHFE lead contract fluctuated and closed higher [SMM Lead Morning News].

Apr 21, 2025, at 8:35 am

SMM Lead Morning News: Overseas Markets Closed, US Dollar Fell, Most-Traded SHFE Lead Contract Fluctuated Upward. SMM, April 21st: Last Friday evening, LME lead was closed due to the holiday. Last Friday evening, the most-traded SHFE lead 2506 contract opened with a gap at a low of 16,820 yuan/mt and then fluctuated upward...

SMM April 21 News: On Friday evening, LME lead was closed due to the holiday. On Friday evening, the most-traded SHFE lead 2506 contract opened with a gap at a low of 16,820 yuan/mt, fluctuated upward, reached a high of 16,880 yuan/mt, then experienced a slight correction, and subsequently consolidated around 16,850 yuan/mt, finally closing at 16,870 yuan/mt, up 40 yuan/mt, with an increase of 0.24%.

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The persistently high prices of scrap batteries have squeezed recycling profits. The decline in social inventory of lead ingots has boosted the price of lead, leading to a catch-up rally. [SMM Lead Morning Meeting Summary]
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8 months ago
On April 21, Anyang Steel Adjusted the Purchase Price of Steel Scrap

Overseas markets were closed, the US dollar fell, and the most-traded SHFE lead contract fluctuated and closed higher [SMM Lead Morning News].

The persistently high prices of scrap batteries have squeezed recycling profits. The decline in social inventory of lead ingots has boosted the price of lead, leading to a catch-up rally. [SMM Lead Morning Meeting Summary]

On April 21, Anyang Steel Adjusted the Purchase Price of Steel Scrap