SHFE Lead Opens Strongly After Chinese New Year, Spot Market Remains Cautious

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Sees a Strong Start on the First Trading Day After Chinese New Year, While the Spot Market Remains Cautious with Limited Transactions]

SMM, February 5: In the Shanghai market, Honglu lead was quoted at 17,010-17,050 yuan/mt, with a premium of 50 yuan/mt against the SHFE lead 2503 contract. In the Jiangsu and Zhejiang regions, JCC lead was quoted at 16,960-17,050 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE lead 2503 contract. Today marked the first trading day after the Chinese New Year, and SHFE lead saw a strong start in the morning, directly breaking above the 17,000 yuan threshold...