Lead Prices Decline as SHFE Lead Trends Downwards; Positive Buying Sentiment from Downstream Enterprises

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Reversed and Fell, Downstream Enterprises Showed Positive Purchasing Sentiment]

SMM reported on December 12: In the Shanghai market, Honglu lead was quoted at 17,460-17,480 yuan/mt, with a discount of 40-20 yuan/mt against the SHFE lead 2501 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,460-17,480 yuan/mt, with a discount of 40-20 yuan/mt against the SHFE lead 2501 contract. Today, SHFE lead reversed its early-week consolidation trend and turned to a downward trend, with suppliers narrowing their discounts compared to yesterday...