Shanghai Lead Market Slumps: Prices Collapse, Spot Trading Activity Weakens Amid SHFE Plunge

【Shanghai Lead Spot: Lead Prices Break Down and Fall, Trading in Spot Market is Weak】

SMM August 14: In the Shanghai market, Tongguan lead was quoted at 17,550 yuan/ton, flat with the SHFE 2408 lead contract; Wanyang lead was quoted at 17,415-17,440 yuan/ton, with a premium of 100 yuan/ton over the SHFE 2409 lead contract; Jiangxi Copper and Tongguan lead in Jiangsu and Zhejiang regions were quoted at 17,550-17,600 yuan/ton, with a premium of 0-50 yuan/ton over the SHFE 2408 lead contract. SHFE lead prices fell sharply, leading to a decline in the enthusiasm of holders to sell their goods. Moreover, due to the approaching delivery, the circulation of goods in the spot market decreased...