SMM Lead Markets Update: High Price Fluctuations and Varying Bargaining Power Among Downstream Firms

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Fluctuate at High Levels, Significant Bargaining Differences Among Downstream Enterprises]

SMM February 13 News: Few quotations were seen in the Shanghai market; in Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,080-17,140 yuan/mt, on par with SHFE lead 2502 contract or on par with SHFE lead 2503 contract. SHFE lead remained in a high-level consolidation trend, suppliers actively shipped goods, and some discounts further widened, mainly for cargoes self-picked up from production sites by smelters...