SHFE Lead Hovers at Highs, Spot Market Transactions Remain Weak

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Hovers at Highs, Spot Market Transactions Weak]

SMM, November 29: In the Shanghai market, Chihong lead was quoted at 17,300-17,340 yuan/mt, on par with the SHFE lead 2412 contract; Honglu lead was quoted at 17,270-17,340 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,320-17,410 yuan/mt, with a discount of 50-0 yuan/mt against the SHFE lead 2501 contract. SHFE lead hovered at highs, suppliers followed the market trend in their sales, and their selling activities were relatively active...