Shanghai Lead Prices Reverse Upward, Narrowing Transaction Discount in Spot Market

【SMM Shanghai and Other 1# Lead Markets: Lead Prices Reverse Upward, Narrowing Spot Market Transaction Discount】

SMM News on September 12: In the Shanghai market, Jijin Lead quoted at 16,660-16,710 yuan/ton, with a premium of 20-30 yuan/ton to the Shanghai Lead 2410 contract; in Jiangsu and Zhejiang regions, Jiangtong Lead quoted at 16,660-16,710 yuan/ton, also with a premium of 20-30 yuan/ton to the Shanghai Lead 2410 contract. Shanghai Lead prices reversed to rise, and holders' enthusiasm for shipments increased, with most warehouse receipt quotes switching to the Shanghai Lead 2410 contract for the new month......