SMM Shanghai and Other 1# Lead Markets: Supply Reduction News Pushes Lead Prices Up, Few High-Price Transactions in Spot Market
SMM reported on November 25: In the Shanghai market, Chihong lead was quoted at 17,130-17,200 yuan/mt, on par with the SHFE lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,100-17,200 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract. SHFE lead prices surged strongly, surpassing 17,000 yuan/mt. Suppliers were more willing to sell, but there were limited spot cargoes in the market, and quotations were scarce...
