[SMM Shanghai and Other 1# Lead Market Afternoon Review: Shanghai Lead Hits 18,000 Yuan/ton, Spot Transactions for Delivery to Warehouses Emerge]

According to SMM on May 9th, the prices of Chihong and Honghu lead in the Shanghai market ranged from 18,055 to 18,155 yuan/ton, with a premium of 0-50 yuan/ton compared to the Shanghai Lead 2405 or 2406 contracts. In the Jiangsu-Zhejiang region, the prices of Jiangtong and Jinde lead ranged from 18,065 to 18,170 yuan/ton, with a premium of 30-60 yuan/ton compared to the Shanghai Lead 2406 contract. Shanghai Lead maintained its strong momentum and surged above 18,100 yuan/ton. Holders' enthusiasm for delivery to warehouses was high, and some quotes maintained a small premium...