Shanghai Lead Market: Narrowing Secondary Lead Discount Amid Robust Downstream Demand for Primary Lead

【Shanghai Lead Spot: Narrowing Discount of Secondary Lead, Downstream Rigid Demand Boosts Primary Lead】

SMM, September 6: The Jijin lead price in the Shanghai market is quoted at 16,790-16,800 yuan/ton, with a discount of 30-20 yuan/ton against the SHFE 2409 contract; imported Harz lead is quoted at 16,420-16,490 yuan/ton, with a discount of 400 yuan/ton against the SHFE 2409 contract; Jiangtong lead in Jiangsu and Zhejiang regions is quoted at 16,820-16,890 yuan/ton, at par with the SHFE 2409 contract. SHFE lead prices declined weakly, and holders sold their stocks according to the market trend, during which some factories...