December 26, 2025:
This week, LME lead opened at $1,986/mt. After briefly dipping to $1,965/mt early in the week, it stabilized and rebounded, then fluctuated upward. Despite a slight correction mid-week, broad-based gains in nonferrous metals, fueled by macro tailwinds, drove LME lead higher again. It touched a high of $2,000/mt before settling at $1,999.5/mt, up $15/mt, or 0.76%. LME markets were closed on December 25-26 for the Christmas holiday.
This week, the most-traded SHFE lead 2602 contract opened at 16,970 yuan/mt. Supported by favorable macro conditions and persistently tight raw material supply, strong buying interest pushed SHFE lead into a one-sided upward trend, with its overall price center rising significantly WoW. Prices continued to climb toward the close, hitting a high of 17,585 yuan/mt and finally settling at 17,555 yuan/mt, up 675 yuan/mt, or 4.00%.
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