SHFE Lead Prices Fluctuate, Downstream Firms Adopt Cautious Stance

[SMM Shanghai and Other 1# Lead Market: SHFE Lead Jumps Initially and Then Pulls Back, Downstream Enterprises Hold Strong Wait-and-See Sentiment]

SMM, December 3: In the Shanghai market, Chihong lead was quoted at 17,465-17,585 yuan/mt, on par with the SHFE lead 2412 contract; Honglu lead was quoted at 17,435-17,585 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 17,470-17,585 yuan/mt, with a discount of 60-30 yuan/mt against the SHFE lead 2501 contract. SHFE lead showed a trend of jumping initially and then pulling back, with suppliers selling along with the market trend, and some quotes saw further expanded discounts...