SHFE Lead Surges, Spot Market Struggles with High-Price Transactions

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Shows Strong Performance, Spot Market Faces Difficulty in High-Price Transactions]

SMM reported on December 6: In the Shanghai market, Chihong lead was quoted at 17,650-17,700 yuan/mt, on par with the SHFE lead 2412 contract; Honglu lead was quoted at 17,620-17,700 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 17,650-17,755 yuan/mt, with a discount of 50-30 yuan/mt against the SHFE lead 2501 contract. SHFE lead showed strong performance, and suppliers quoted prices accordingly, with relatively small differences compared to yesterday...