SMM, January 24: As the Chinese New Year holiday approaches, logistics vehicles have further decreased, nearing a complete halt, and suppliers in the Jiangsu, Zhejiang, Shanghai market have rarely provided quotations. SHFE lead fluctuated upward in the morning, with some suppliers making final deliveries, including purchases by downstream enterprises over the past two days and some inventory transfers to delivery warehouses. Today, downstream enterprises have almost ceased inquiries, and the spot market has shown a state of price availability without transactions.
Other markets: Today, the SMM 1# lead average price increased by 50 yuan/mt compared to the previous trading day. With more upstream and downstream enterprises in the industry chain entering the holiday period and logistics halting operations, market transactions have stagnated, and quotations have become scarce.
