SMM Shanghai and other #1 Lead Markets Midday Review: SHFE Lead Contracts Above 16,000 Yuan/Ton, Spot Market Transactions Weakened. On August 16th, SMM reported that the price of Chihong Lead in Shanghai market was 16050-16070 yuan/ton, with a premium of 10-30 yuan/ton over SHFE 2309 lead contract; Jinjin, Jindu and Tongguan lead in Jiangsu and Zhejiang market was 16010-16070 yuan/ton, with a discount of 30 yuan/ton to a premium of 30 yuan/ton over SHFE 2309 lead contract. SHFE lead contracts rose strongly and broke above 16,000 yuan/ton, with holders actively shipping out goods. During the period, smelters......
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