en.Wedoany.com Reported - During the week ending April 10, 2026, the London Metal Exchange (LME) lead price edged slightly lower. Despite some early-week gains and continued inventory drawdowns, end-of-week pressure dragged the price to a weekly loss. The three-month lead contract opened at $1,934 per ton on April 7, climbed to a weekly high of $1,954 per ton on April 8 before retreating, and fell to $1,922 per ton on April 10, representing a weekly decline of approximately 0.6%. The London Metal Exchange is one of the world's largest non-ferrous metals exchanges, and its lead futures prices are widely regarded as a benchmark for the international lead market.
LME lead inventories continued their downward trend during the week. Data shows that LME lead registered warrants fell from 281,425 tons on April 7 to 278,225 tons on April 10, a net decrease of 3,200 tons. The steady decline in stocks reflects ongoing consumption trends, but the moderate pace of the drawdown, lacking a sharp reduction, limited stronger bullish momentum. Overall, the inventory trend continues to suggest a broadly balanced fundamental picture, with no major supply disruptions driving price direction.
On the Shanghai Futures Exchange (SHFE), lead prices remained largely stable for the week with a slight upward bias. Prices held at $2,398 per ton from April 6 to 7, dipped slightly to $2,395 per ton on April 9, before rising to $2,407 per ton on April 10. The gradual increase in the latter part of the week indicates stable sentiment in the Chinese market, supported by moderate downstream demand, although the overall gains were limited.
On India's Multi Commodity Exchange (MCX), lead futures showed a volatile but weaker trend during the week. The April 2026 contract opened at ₹196,250 per ton on April 6 and declined to ₹193,600 per ton on April 10, marking a weekly drop of about 1.3%. Prices traded in a range of ₹192,400 to ₹197,450 per ton during the week. Open interest steadily increased from 324 lots to 506 lots, indicating rising market participation amid the price decline. The Multi Commodity Exchange is India's largest commodity exchange, offering trading in various futures contracts including non-ferrous metals. The domestic Indian lead price underperformed the global trend, reflecting cautious buying interest and persistent profit-taking at higher levels.
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