SMM: SHFE Lead Prices Range-Bound, Spot Market Shows No Major Improvement

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Remains Range-Bound, Spot Transactions Show No Significant Improvement]

SMM, February 24: In the Shanghai market, Honglu lead was quoted at 17,085-17,110 yuan/mt, with a discount of 20-0 yuan/mt against the SHFE lead 2503 contract. In the Jiangsu and Zhejiang regions, JCC and Jijin lead were quoted at 17,085-17,110 yuan/mt, with a discount of 20-0 yuan/mt against the SHFE lead 2503 contract. SHFE lead remained range-bound, and suppliers quoted prices accordingly. Some suppliers, due to the large spread between futures and spot prices...