SMM: Lead Prices Decline Across Shanghai and Other Markets, Downstream Procurement Remains Fragmented

[SMM Shanghai and Other 1# Lead Markets: Lead Price Center Continues to Decline, Downstream Enterprises' Procurement Remains Dispersed]

SMM News on January 9: In the Shanghai market, Chihong lead was quoted at 16,590-16,645 yuan/mt, with a premium of 50-80 yuan/mt against the SHFE lead 2502 contract; in Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 16,540-16,615 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE lead 2502 contract. SHFE lead weakened and declined, and suppliers quoted prices accordingly, with premiums for some primary lead cargoes self-picked up from production sites continuing to decrease...