SMM Shanghai and other #1 lead market midday review: Shanghai lead continues to rise, downstream purchases are more inclined to long orders

SMM News, March 14: Chihong lead in the Shanghai market is offered at 16,380-16,390 yuan/ton, with a premium of 20-30 yuan/ton for the 2404 contract; in the Jiangsu and Zhejiang regions, Jiangtong lead is offered at 16,390-16,410 yuan/ton, with a premium of 30-50 yuan/ton for the 2404 contract. Boosted by expectations of favorable policies, Shanghai lead continues to rise, coupled with imminent delivery, reduced shipments by holders, and strong quotations...