Shanghai Lead Market Sees Peaks Followed by Falls, Triggering Stock Dumping and Shift in Quotes

【Shanghai Lead Spot Market: Shanghai Lead Peaks Then Falls, and Dumping of Goods Reappears in Spot Market】

SMM, August 13: In the Shanghai market, Tongguan and Jiangxi Copper lead were quoted at 18,250-18,350 yuan/ton, offering flat water prices against the SHFE 2408 lead contract; Wanyang lead was quoted at 18,100-18,200 yuan/ton, offering a discount of 150 yuan/ton against the SHFE 2408 lead contract; In Jiangsu and Zhejiang regions, Jiangxi Copper, Tongguan, and Jinde lead were quoted at 18,220-18,350 yuan/ton, offering a discount of 30-0 yuan/ton against the SHFE 2408 lead contract. Shanghai lead peaked then fell, prompting holders to actively sell their stocks, and quotes began to shift towards the SHFE 2409 lead contract. Furthermore, the decline in lead prices expanded during the latter half of the trading session...