Shanghai Lead Market Volatile Ahead of Holiday, Downstream Procurement Cautious

[SMM Shanghai and Other Grade 1 Lead Markets: Shanghai Lead Shows Strong Volatility, Downstream Enterprises Procure Cautiously Before the Holiday]

SMM News on September 25: In the Shanghai market, Chihong lead is quoted at 16,740-16,765 yuan/ton, with a premium of 50 yuan/ton against the SHFE lead 2410 contract; Jijin lead is quoted at 16,690-16,715 yuan/ton, with a flat water quote against the SHFE lead 2410 contract; Jiangxi Copper lead in Jiangsu and Zhejiang regions is quoted at 16,690-16,735 yuan/ton, with a premium of 0-20 yuan/ton against the SHFE lead 2410 contract. Macro-positive news continues to brew, Shanghai lead shows strong volatility, and holders sell according to market conditions, with the basic stability of the quotation premium and discount...