SHFE Lead Maintains High-Level Consolidation, Downstream Enterprises Purchase Selectively

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Remains at High-Level Consolidation, Downstream Enterprises Purchasing as Needed]

SMM, March 11: In the Shanghai market, Chihong lead was quoted at 17,430-17,500 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE 2504 contract; Honglu lead was quoted at 17,430-17,450 yuan/mt, on par with the SHFE 2504 contract. In the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,400-17,450 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE 2504 contract. SHFE lead remained at high-level consolidation, with suppliers standing firm on quotes...