SMM, 24 April:
South China lead in Guangdong market is 14130 yuan / ton, the average price of SMM1# lead is 80 yuan / ton. Henan Yuguang, Wanyang, Jinli and other smelters give priority to long orders: Jiang copper 14200 yuan / ton, the average price of SMM net rose 150 yuan / ton; Henan basic pre-sale ended, mainly long orders this week, refineries in other regions maintain high water quotation, the supply of goods in the primary market is still relatively tight, lead ingot inventory is expected to decline slightly this week compared with the previous month.
![LME Lead Edged Up 0.05% Overnight at the Close; SHFE Lead Maintained a Fluctuating Consolidation Trend [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/riosq20251217171722.jpg)
![Weak Supply-Demand Conditions Continued, and Overnight Lead Prices Saw Sideways Movement [SMM Lead Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/yqTpQ20251217171721.jpeg)

