[SMM Shanghai and Other #1 Lead Markets: SHFE Lead Pulled Back After Rising, Spot Market Premiums Lowered]
SMM, March 18: In the Shanghai market, Chihong lead was quoted at 17,590-17,625 yuan/mt, with a premium of 30-50 yuan/mt against the SHFE lead 2504 contract; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,560-17,575 yuan/mt, on par with the SHFE lead 2504 contract. SHFE lead pulled back slightly after rising, with the overall price center shifting slightly downward. The market saw limited spot supply, and suppliers stood firm on quotes for sales...
