Lead Spot Market in Festive Mood Ahead of Chinese New Year, Limited Inquiries from Downstream

[SMM Shanghai and Other 1# Lead Markets: Festive Atmosphere of Chinese New Year Intensifies in Lead Spot Market, Few Inquiries from Downstream Enterprises]

SMM, January 20: Few quotations were seen in the Shanghai market; in Jiangsu and Zhejiang regions, JCC lead was quoted at 16,745-16,805 yuan/mt, with a premium of 40-80 yuan/mt against the SHFE lead 2502 contract. SHFE lead fluctuated upward, suppliers had limited cargoes, and quotations significantly decreased WoW. During this period, some primary lead cargoes self-picked up from production sites were quoted accordingly...