Lead Prices Steady with Just-in-Time Procurement by Downstream Enterprises

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Remain Range-Bound, Downstream Enterprises Make Just-in-Time Procurement]

SMM, February 18: In the Shanghai market, Honglu lead was quoted at 17,115-17,150 yuan/mt, on par with the SHFE lead 2503 contract; in Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,095-17,150 yuan/mt, at a discount of 20-0 yuan/mt against the SHFE lead 2503 contract. SHFE lead continued its range-bound trend, with suppliers' premiums and discounts remaining largely unchanged, while cargoes self-picked up from production sites by smelters...