SMM Oct. 8 Shanghai lead Market situation KuaiBao: on the first day after the festival, Shanghai lead station holders generally actively ship goods at the Wanqi pass.

Published: Oct 8, 2019 12:12

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SMM Oct. 8: Shanghai market southern lead 17150-17160 yuan / ton, 1910 contract discount 10 yuan / ton to ping shui quotation; Jiangsu and Zhejiang market Jingui 17130-17160 yuan / ton, 1910 contract discount 30 yuan / ton to ping shui quotation. Driven by the rising trend of Lun lead during the festival, on the first day after the festival, Shanghai lead strongly pulled up, and more active quotations and shipments were made by many refineries after the festival, which gradually turned to discount shipment (100-0 yuan / ton on the average price of SMM1# electrolytic lead). At the same time, the average price of recycled refined lead on SMM1# electrolytic lead is also 200-100 yuan / ton, while the downstream is afraid of waiting and seeing, the demand for replenishing storage after the festival is limited, and the shipment of traders is passive. Transactions in the bulk market are light.

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