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In spot lead market, Chihong Zn & Ge and Nanfang offered RMB 13,870/mt, with premiums of RMB 150/mt to SHFE 1506 lead contract prices. Humon and Tongguan brands quoted RMB 13,820-13,850/mt. Tongguan, Nanfang and Humon shipped out some goods, driving up spot supply, but most smelters held prices around RMB 13,850/mt. Some hedged goods were offered at lower prices and favored by downstream buyers. Transactions were still limited for high-priced goods. The price gap between secondary and #1 lead remained at RMB 400/mt. In Henan, traded prices were around RMB 13,800/mt. Downstream producers in Jiangxi replenished stocks for the upcoming May Day holiday.
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