Lead Market Supply Boosts, Suppliers Expand Discounts for Sales

SMM Shanghai and Other 1# Lead Markets: Increased Lead Market Supply, Suppliers Expand Discounts for Sales

SMM, February 11: Few quotations were observed in the Shanghai market; in Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,130-17,175 yuan/mt, with discounts of 20-0 yuan/mt against the SHFE lead 2502 contract or on par with the SHFE lead 2503 contract. SHFE lead remained range-bound, and suppliers were actively selling. Quotations for some cargoes self-picked up from production sites further widened, with some even...