Shanghai Lead Market Consolidates with Diverging Premiums and Discounts for Primary and Secondary Lead

**SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Shows Consolidation Trend with Diverging Premiums and Discounts for Primary and Secondary Lead**

SMM Report on November 11: In the Shanghai market, Chihong lead is quoted at RMB 16,850 per tonne, flat with the SHFE lead contract 2412, while Honglu lead is priced at RMB 16,820 per tonne, showing a discount of RMB 30 per tonne to the SHFE lead contract 2412. In Jiangsu and Zhejiang regions, Tongguan and Jiangxi Copper lead are reported at RMB 16,810-16,830 per tonne, with discounts ranging from RMB 40-20 per tonne to the SHFE lead contract 2412. Shanghai lead exhibits a consolidation trend, with holders quoting prices as per market movements. Additionally, due to the approaching delivery date...