**Shanghai Lead Prices Peak Then Decline, Spot Market Shows Strong Wait-and-See Attitude**

**【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Peaks Then Falls, Strong Wait-and-See Mood in the Spot Market】**

SMM Report on November 14: In the Shanghai market, Honglu lead was priced at RMB 16,985-17,015 per tonne, with quotes of a discount of RMB 30-0 per tonne against the SHFE Lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and Jiangtong lead were reported at RMB 16,985-17,015 per tonne, also with quotes of a discount of RMB 30-0 per tonne against the SHFE Lead 2412 contract. After peaking, Shanghai lead prices fell, reversing yesterday's strong momentum, and holders began to sell as prices moved.....