SMM Reports: Lead Market Faces Persistent Supply Cuts and Shrinking High-Price Trading Volume

[SMM Shanghai and Other 1# Lead Markets: Supply-Side Production Cuts Persist While High-Price Trading Volume in Lead Market Shrinks]

SMM, December 20: In the Shanghai market, Honglu lead was quoted at 17,290-17,315 yuan/mt, on par with the SHFE lead 2501 contract; in Jiangsu and Zhejiang regions, Tongguan, JCC, and Jinde lead were quoted at 17,290-17,315 yuan/mt, on par with the SHFE lead 2501 contract. SHFE lead continued to fluctuate downward, and due to supply-side production cuts, spot market circulation was limited, with suppliers standing firm on quotes...