SMM, June 10, 2025
The most-traded SHFE lead 2507 contract opened at 16,798 yuan/mt today, oscillating around the 16,860 yuan/mt level during the day. It reached a high of 16,905 yuan/mt and closed at 16,880 yuan/mt, up 0.69%, with an open interest of 43,968 lots. As the delivery date approaches, the willingness of primary lead suppliers to sell spot orders has declined. However, downstream battery producers' willingness to purchase has improved this week due to restocking needs after the holiday. Bears reduced their positions, and SHFE lead held up well.
