SMM Reports: Lead Price Center Declines, Downstream Enterprises Adopt Wait-and-See Attitude

[SMM Shanghai and Other 1# Lead Markets: Lead Price Center Shifts Downward, Strong Wait-and-See Sentiment Among Downstream Enterprises]

SMM, January 3: In the Shanghai market, Chihong lead was quoted at 16,770-16,815 yuan/mt, with a premium of 80-100 yuan/mt against the SHFE lead 2502 contract; in Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 16,740-16,800 yuan/mt, with a premium of 50-80 yuan/mt against the SHFE lead 2502 contract. The SHFE lead price center shifted downward, and suppliers showed moderate enthusiasm for shipments, while smog warnings were reissued in Henan and Anhui regions during the period...