SMM October 22 Shanghai lead Market situation KuaiBao: lead continues to decline the spot market still maintains discount trading

Published: Oct 22, 2019 12:01

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SMM, Oct. 22: Shanghai market Sands, Ambrose lead 16880-16890 yuan / ton, the 1911 contract discount 30-20 yuan / ton, the south 16890-16910 yuan / ton, the 1911 contract discount 20 yuan / ton to the flat water quotation. Lead continued to decline, and the spot market supply is abundant, recycled lead to maintain deep discount quotation, primary lead shipments generally frustrated, downstream do not hold optimistic expectations for the future, more cautious mining on demand, market transactions have not improved for the time being.

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