SHFE Lead Exhibits Resilience; Downstream Firms Adopt Wait-and-See Attitude

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Shows Strong Resilience, Downstream Enterprises Hold a Wait-and-See Sentiment]

SMM, February 12: Few quotations were seen in the Shanghai market; in Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,080-17,115 yuan/mt, on par with SHFE lead 2502 contract or on par with SHFE lead 2503 contract. SHFE lead showed a trend of opening low and moving higher, with suppliers quoting accordingly, while smelters maintained ex-works quotations during the period...