Shanghai Lead Breaches 17,000 Yuan/T Barrier Amid Mixed Market Sentiment

Published: Sep 27, 2024 12:19

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[SMM Shanghai and Other Grade 1# Lead Markets: Shanghai Lead Surpasses 17,000 Yuan per Ton While Spot Transactions Relatively Weaken]

SMM, September 26th: In the Shanghai market, Jijin lead was quoted at 16,770-16,800 yuan per ton, flat-water pricing against the SHFE lead 2410 contract; in Jiangsu and Zhejiang regions, Jiangtong lead was quoted at 16,770-16,820 yuan per ton, with a premium of 0-20 yuan per ton against the SHFE lead 2410 contract. Shanghai lead rallied strongly and surpassed the 17,000 yuan per ton threshold again in the morning session. Holders sold in line with the trend, and warehouse receipt prices remained largely unchanged...

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