December 19, 2025:
This week, LME lead opened at $1,969.5/mt. After fluctuating downward to a low of $1,937.5/mt early in the session, it fluctuated rangebound between $1,950/mt and $1,930/mt. Mid-week, due to a weakening US dollar index, LME lead fluctuated upward to around $1,967/mt and then moved sideways. It rose again towards the close, touching a high of $1,979.5/mt. As of 15:00 Beijing time on December 19, 2025, it finally settled at $1,973/mt, up $15/mt, a gain of 0.66%.
This week, the most-traded SHFE lead 2602 contract opened at 17,140 yuan/mt. After briefly touching a high of 17,195 yuan/mt early in the session, it trended downward as the optimistic sentiment from the US Fed's interest rate cut faded and the US dollar index rebounded, with its trading center shifting lower WoW. It hit a low of 16,680 yuan/mt mid-week. Subsequently, environmental protection-related controls implemented in north China led smelters to cut production, which supported lead prices. The contract finally settled at 16,880 yuan/mt, up 0.42%.
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