SMM, July 27th:
Guangdong market Nanhua lead 15100 yuan / ton, flat water quotation for SMM1# lead price; Minshan, Henan province, 15200 yuan / ton, for SMM1# lead price 100 yuan / ton; Shuikoushan, Hunan, 15150 yuan / ton, 50 yuan / ton for SMM1# lead price (trader); Jiangtong 15100 yuan / ton, flat water price for SMM1# lead. Yunnan small factory 14800 yuan / ton, the average price of SMM1# lead discount 300 yuan / ton. Lead prices fluctuate upstream, market trading is still good, downstream on-demand procurement, refinery bulk supply is less.
![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)

