SMM August 8 News:
This week, LME lead opened at $1,974/mt. Early in the week, LME lead fluctuated rangebound, with a low of $1,956/mt. US Fed's Daly indicated that the timing for an interest rate cut was approaching, with a preference for more than two cuts this year. Mid-week, the US dollar index weakened, and LME lead fluctuated upward, reaching a high of $2,011/mt in the late session. As of 15:00 Beijing time on August 8, 2025, it closed at $1,998.5/mt, up 1.24%.
This week, the SHFE lead 2509 contract opened at 16,780 yuan/mt. On Monday, it fluctuated at lows around the 16,650 yuan/mt level. Mid-week, lead prices first declined and then rose. The potential impact of the sewage inspection event in Anhui on the production of local secondary lead smelters fermented, boosting lead prices to catch up and rise. During this period, SHFE lead reached a high of 16,935 yuan/mt. Dragged down by the performance of lead fundamentals, lead price gains were limited, and it fluctuated rangebound, closing at 16,845 yuan/mt, up 0.66%.
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