SMM Lead Weekly Review: Pre-Holiday Supply-Demand Slump, Sluggish Transactions at 16,600-16,700 yuan/mt

SMM Lead Weekly Review: Supply and Demand Both Declined in the Week Before the Holiday, Downstream Stockpiling Ended with Sluggish Transactions, 16,600-16,700 yuan/mt

This week, SMM 1# lead prices ranged between 16,600-16,700 yuan/mt. In the spot market, as the Chinese New Year holiday approached this week, downstream pre-holiday stockpiling ended, market transactions gradually weakened, quotations decreased, and the festive atmosphere was strong.