Home / Metal News / Spot Lead Market Reacted Calmly to Sharp Rise in SHFE Lead Prices

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

iconMay 6, 2022 13:30
Source:SMM
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.


Spot

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All