Shanghai Lead Rebounds, Downstream Enterprises Adopt Cautious Purchasing Approach

**SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Rebounds from Lows, Downstream Enterprises Mostly Adopt a Wait-and-See Approach with Cautious Purchasing**

SMM November 1st: In the Shanghai market, Chihong lead is priced at RMB 16,600-16,700 per tonne, with a premium of RMB 0-20 per tonne to SHFE Lead 2411 contract or a discount of RMB 30 per tonne to SHFE Lead 2412 contract. In Jiangsu and Zhejiang regions, Tongguan, Jiangxi Copper, Jinde, Shangjing, and Mulun lead are quoted at RMB 16,500-16,650 per tonne, with a discount of RMB 50-30 per tonne to SHFE Lead 2411 contract. Shanghai lead rebounded from lows, and holders quoted prices according to market conditions. During this period, smelter shipping enthusiasm.....