Spot Lead Market Reacted Calmly to Sharp Rise in SHFE Lead Prices

Published: May 6, 2022 13:30

Source: SMM

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SHANGHAI, May 6 (SMM) - SMM survey found that the spot lead market was relatively calm, despite the sharp spike in SHFE lead prices.

SHANGHAI, May 6 (SMM) - SMM survey found that the spot lead market was relatively calm, despite the sharp spike in SHFE lead prices. Downstream buyers rejected higher lead prices. Primary lead and secondary lead flowed into the market at large discounts against SHFE front-month lead contract, but downstream producers were still cautious about buying. Some traders made purchases in preparations for delivery of futures contract.

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