**【SMM Shanghai and Other 1# Lead Markets: Limited Supply from Smelters, Stable Premium and Discount for Refined Lead】**
SMM Report on November 7: In the Shanghai market, the price of Chihong lead ranged from RMB 16,770 to 16,800 per tonne, with a discount of RMB 30 to 0 per tonne against the SHFE Lead 2412 contract. In Jiangsu and Zhejiang regions, Tongguan, Jiangxi Copper, and Jinde lead were quoted at RMB 16,750 to 16,770 per tonne, with a discount of RMB 50 to 30 per tonne against the SHFE Lead 2412 contract. SHFE Lead prices rose strongly, increasing holders' willingness to sell. However, the changes in quoted discounts were minimal, and at the same time, there was limited supply available for pick-up from smelters...



