SMM Shanghai 1 # lead Market News on October 31: lead futures have fallen sharply and the downstream market is not willing to buy at a low price.

Published: Oct 31, 2019 11:51

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SMM, October 31: Shanghai market Jinsha lead 16545 yuan / ton, 20 yuan / ton discount for 1911 contract; southern, Muron lead 16535 to 16545 yuan / ton, 1911 contract discount 30 to 20 yuan / ton, of which white goods can be discounted 50 to 40 yuan / ton. In the context of weak domestic fundamentals, the loss of the strong driving force of lead, lead futures fell sharply, holders quoted prices with the market, and the downstream market is not optimistic expectations, low prices to receive goods cautiously, bulk market transactions are still relatively light.

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