Lead Prices Stable, Downstream Firms Restock as SHFE Lead Fluctuates

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Relatively Stable, Downstream Enterprises Restock as Needed]

SMM reported on November 19: In the Shanghai market, Honglu lead was quoted at 16,740-16,770 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 16,740-16,770 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract. SHFE lead fluctuated upward, and suppliers mostly maintained discount quotations, while primary lead cargoes self-picked up from production sites...