SMM July 31: Shanghai market South lead 15675 yuan / ton, 50 yuan / ton for Shanghai lead 2008 contract; Jiangsu and Zhejiang market, South lead 15675-15700 yuan / ton, 50-75 yuan / ton for Shanghai lead 2008 contract. Lead concussion correction, holders accompanied by quotations, but recycled lead to maintain discounted shipments, downstream procurement to choose low according to demand, trading in the market is still not improved.
![LME Lead Posted a Three-Day Losing Streak; SHFE Lead Rose After Fluctuating at Highs [SMM Lead Morning Comment]](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
![Geopolitical Disruptions Compound Sluggish Supply and Demand; Lead Prices Remained in the Doldrums in the Short Term [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/lIHfM20251217171721.jpeg)

