Bullish Factors Concentrated, SHFE Lead Rises Intraday [Lead Futures Brief]

Mar 24, 2025, at 8:40 am

[SMM Lead Futures Brief] The most-traded SHFE lead 2505 contract opened at 17,395 yuan/mt. After the opening, longs entered the market in a concentrated manner, pushing SHFE lead to surge and reach a high of 17,805 yuan/mt. In the afternoon, it pulled back slightly, finally closing at 17,670 yuan/mt, with a gain of 1.14% and an open interest of 66,597.

SMM 24 March 2025 – The most-traded SHFE lead 2505 contract opened at 17,395 yuan/mt. After the opening, longs entered the market in a concentrated manner, pushing SHFE lead to surge and reach a high of 17,805 yuan/mt. In the afternoon, it pulled back slightly, finally closing at 17,670 yuan/mt, up 1.14%, with open interest at 66,597. An abnormal thallium concentration was detected in surface water in a certain area of Hunan, and nearby regions such as Guangxi and Guangdong also faced environmental protection inspections. So far, this incident has not affected the production of lead smelters. A major plant in Henan recently underwent maintenance, which significantly boosted market sentiment. Overall, lead prices are expected to fluctuate at highs in the near term.》Order to view SMM metal spot historical prices

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