SMM August 1st News:
This week, LME lead opened at $2,020/mt. After opening, it fluctuated upward, reaching a high of $2,038/mt. Mid-week, it fluctuated rangebound. In the second half of the week, influenced by macro sentiment and spot consumption performance, bears increased their positions, causing LME lead to weaken. It dipped to a low of $1,962/mt. As of 15:00 Beijing time on August 1st, 2025, it closed at $1,965.5/mt, with a decline of 2.72%.
This week, the SHFE lead 2509 contract opened at 16,960 yuan/mt. After touching a high of 17,085 yuan/mt in the early session, it fluctuated rangebound. Downstream enterprises had poor purchasing willingness during the week. Amidst a general decline in non-ferrous metals, SHFE lead fluctuated downward. In the second half of the week, bears concentrated their position-building, causing SHFE lead to dip to a low of 16,615 yuan/mt. It rebounded slightly at the end of the session, closing at 16,735 yuan/mt, with a decline of 1.3%.
》Subscribe to view historical SMM metal spot prices
