Lead Supplies Rise, Suppliers Cut Premiums in Shanghai and Other Markets

[SMM Shanghai and Other 1# Lead Markets: Increased Lead Supply in Circulation, Suppliers Lower Premiums to Sell]

SMM, January 8: In the Shanghai market, Chihong lead was quoted at 16,790-16,835 yuan/mt, with a premium of 50-80 yuan/mt against the SHFE lead 2502 contract. In the Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 16,740-16,800 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE lead 2502 contract. SHFE lead remained range-bound, and suppliers followed the market trend in selling, while the supply of secondary lead in circulation increased during the period...