SHFE Lead Prices Fluctuate Upward Amid Tight Regional Spot Supply

SMM Shanghai and Other 1# Lead Market: SHFE Lead Fluctuates Upward, Regional Spot Supply Tightens with Transactions Slightly at a Premium

SMM, March 12: In the Shanghai market, Chihong lead was quoted at 17,500-17,510 yuan/mt, with a premium of 50 yuan/mt against the SHFE 2504 contract; Honglu lead was quoted at 17,450-17,460 yuan/mt, on par with the SHFE 2504 contract. In the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,430-17,460 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE 2504 contract. SHFE lead fluctuated upward, and as the delivery date approached...