SMM Oct. 17:
This week, LME lead opened at $2,017.5/mt, fluctuated downward after briefly touching a high of $2,023/mt early in the session, fluctuated rangebound around $1,985/mt mid-week, and fell to a low of $1,963/mt late in the session. As of 15:00 Beijing time on Oct. 17, 2025, it finally closed at $1,972.5/mt, down 2.08%.
This week, the most-traded SHFE lead 2511 contract opened at 17,160 yuan/mt, pulled back after briefly touching a high of 16,290 yuan/mt early in the session, fluctuated around 17,075 yuan/mt mid-week, with a low of 16,960 yuan/mt during the period, and finally closed at 17,075 yuan/mt, down 0.38%.
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