Price Spread Between Primary and Secondary Lead Widens in Shanghai and Other 1# Lead Markets, Cautious Purchasing by Downstream Enterprises

SMM Shanghai and Other 1# Lead Markets: Price Spread Between Primary and Secondary Lead Widens, Downstream Enterprises Cautiously Purchase as Needed

SMM reported on December 4: In the Shanghai market, Chihong lead was quoted at 17,500 yuan/mt, on par with the SHFE lead 2412 contract; Honglu lead was quoted at 17,470-17,500 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,490-17,540 yuan/mt, with a discount of 50-30 yuan/mt against the SHFE lead 2501 contract. SHFE lead hovered at highs, and suppliers adjusted their quotes according to market conditions, mostly offering discounts...