SMM June 27 News:
This week, LME lead opened at $1,992.5/mt, touching a low of $1,989.5/mt early in the session. Mid-week, LME lead fluctuated upward, reaching a high of $2,049.5/mt in the latter half of the week. As of 15:45 Beijing time on June 27, 2025, it closed at $2,035/mt, up 2.01%.
This week, the SHFE lead 2508 contract opened at a low of 16,840 yuan/mt. With macro sentiment improving and the overall non-ferrous metals market holding up well, coupled with a shift in the lead market's fundamentals due to short-term supply reductions, LME inventory continued destocking, and a strong bullish sentiment prevailed. SHFE lead fluctuated upward, reaching a high of 17,270 yuan/mt in the closing session, and closing at 17,125 yuan/mt, up 1.66%.
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