SMM Shanghai and Other 1# Lead Markets: SHFE Lead Fluctuated Upward, Spot Market Had Tight Supply and High Prices
SMM reported on March 17: In the Shanghai market, Chihong lead was quoted at 17,700-17,720 yuan/mt, with a premium of 30-50 yuan/mt against the SHFE 2504 contract; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,670 yuan/mt, on par with the SHFE 2504 contract. SHFE lead fluctuated upward, coupled with today being the delivery day for the SHFE 2503 contract, suppliers were mostly occupied with transferring to delivery warehouses...
