SHFE Lead Rebounds with Mixed Spot Market Discounts and Parity

SMM Shanghai and Other 1# Lead Markets: SHFE Lead Rebounded After Testing Lows, Spot Market Saw Both Widening Discounts and Parity

SMM, February 20: In the Shanghai market, Honglu lead was quoted at 17,035-17,050 yuan/mt, on par with the SHFE lead 2503 contract. In Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,015-17,050 yuan/mt, with discounts of 20-0 yuan/mt against the SHFE lead 2503 contract. SHFE lead showed a trend of opening low and moving higher, with suppliers generally offering at discounts, while cargoes near parity faced difficulties in being sold...