Inverted Pricing in Shanghai 1# Lead Market: Secondary Lead Outpaces Primary, Buyers Scoop Up Bargains Amid Falling Prices

【SMM Shanghai and other 1# lead markets: "inverted" prices between secondary lead and primary lead, downstream buyers purchase at lows according to demand】

SMM news on October 10: In the Shanghai market, Chihong lead was quoted at 16,545-16,560 yuan/ton, flat with the 2411 contract; Honglu lead was quoted at 16,515-16,530 yuan/ton, with a discount of 30 yuan/ton against the Shanghai lead 2411 contract; Jiangtong, Shangjing, and Mulun lead in Jiangsu and Zhejiang regions were quoted at 16,515-16,530 yuan/ton, with a discount of 30 yuan/ton against the Shanghai lead 2411 contract. The operating center of Shanghai lead continued to shift lower compared with the previous day, with most holders offering discounts to sell, and the delivery date approaching...