Shanghai Lead Market Experiences Volatile Start Post-Holiday, Amid Strong Wait-and-See Sentiment

【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Soars and Falls on the First Day After the Holiday, with Strong Wait-and-See Sentiment Among Downstream Enterprises】

SMM October 8: In the Shanghai market, Jijin lead was quoted at 16,915-16,960 yuan/ton, at par with the 2410 contract or at a discount of 30 yuan/ton to the 2411 contract of Shanghai lead; in Jiangsu and Zhejiang regions, Jiangtong lead was quoted at 16,915-16,935 yuan/ton, at par with the 2410 contract of Shanghai lead. On the first trading day after the holiday, Shanghai lead showed a trend of soaring and falling, with holders quoting prices accordingly, and some traders switching contract quotes...