【SMM Shanghai and Other 1# Lead Market Afternoon Comment: Shanghai Lead Moves Upward with Significant Differences in Spot Market Quotations】

SMM news on July 1: In the Shanghai market, the quotation of Chihong lead is 19,665-19,715 yuan/ton, with a premium of 50-100 yuan/ton over the SHFE lead 2408 contract. In the Jiangsu and Zhejiang regions, Jiangxi Copper and Tongguan lead are quoted at 19,665-19,695 yuan/ton, with a premium of 50-80 yuan/ton over the SHFE lead 2408 contract. Shanghai lead continues to rise, once again reaching a six-year high, leading to an increasing willingness of holders to deliver to warehouses, and firm warehouse receipt quotations...