SMM Reports: Increased Lead Imports and Secondary Supply, Shanghai Lead Markets Quote Higher with Just-in-time Procurement by Downstream Enterprises

SMM Shanghai and Other 1# Lead Markets: Increased Imports and Secondary Lead Supply, Downstream Enterprises Maintain Just-in-time Procurement

SMM reported on March 20: In the Shanghai market, Chihong lead was quoted at 17,625-17,645 yuan/mt, with a premium of 10-30 yuan/mt against the SHFE 2504 contract; in the Jiangsu and Zhejiang regions, Tongguan, JCC, and Jinde lead were quoted at 17,615 yuan/mt, on parity with the SHFE 2504 contract. The SHFE lead maintained a high-level consolidation, suppliers quoted according to the market trend, and due to the fact that delivery sources had not yet entered the market, there were fewer quotes...