SMM Reports: Increased Lead Imports and Secondary Supply, Shanghai Lead Markets Quote Higher with Just-in-time Procurement by Downstream Enterprises

Published: Mar 20, 2025 12:36

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SMM Shanghai and Other 1# Lead Markets: Increased Imports and Secondary Lead Supply, Downstream Enterprises Maintain Just-in-time Procurement

SMM reported on March 20: In the Shanghai market, Chihong lead was quoted at 17,625-17,645 yuan/mt, with a premium of 10-30 yuan/mt against the SHFE 2504 contract; in the Jiangsu and Zhejiang regions, Tongguan, JCC, and Jinde lead were quoted at 17,615 yuan/mt, on parity with the SHFE 2504 contract. The SHFE lead maintained a high-level consolidation, suppliers quoted according to the market trend, and due to the fact that delivery sources had not yet entered the market, there were fewer quotes...

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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