SHANGHAI, Apr 3 (SMM) – SMM #1 lead ingot prices dropped along with falling SHFE lead prices last week. Trades in the spot secondary refined lead market were scarce as most smelters focused on delivery of monthly long-term orders ahead of the deadline. Secondary refined lead prices held relatively firm as smelters held back their cargoes against falling lead prices. As a result, the price difference between primary lead and secondary refined lead narrowed from 100 yuan/mt on March 24 to 75 yuan/mt on Friday March 31.

![상하이 선물거래소 연, 상단 그림자 길게 남기며 0.03% 하락, 고점 횡보 국면 유지 [연 선물 단평]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)

