SMM Shanghai and Other 1# Lead Markets: Lead Prices Reverse and Decline, Divergent Sentiment in Spot Market
SMM March 21: In the Shanghai market, Chihong lead was quoted at 17,500-17,570 yuan/mt, with a premium of 0-20 yuan/mt against SHFE lead 2504 contract; in the Jiangsu and Zhejiang regions, Tongguan, JCC, and Jinde lead were quoted at 17,500-17,550 yuan/mt, on parity with SHFE lead 2504 contract. SHFE lead reversed and pulled back, especially during the latter part of the trading session, as the center of SHFE lead prices moved lower...
