SMM Shanghai and other #1 Lead Markets Noon Comment: SHFE Lead Continu

Published: Nov 3, 2023 12:06

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SMM Shanghai and other #1 Lead Markets Noon Comment: SHFE Lead Continues to Strengthen, Spot Market Delivery and Non-Delivery Sources Difference Expands. On November 3, SMM reported that the market price of Chihong Lead in Shanghai was 16700-16730 yuan/ton, with a discount of 30-0 yuan/ton to SHFE Lead 2311 contract; the market price of Jinjin and Jiangtong Lead in Jiangsu and Zhejiang was 16700-16750 yuan/ton, with a discount of 30 yuan/ton to 20 yuan/ton to SHFE Lead 2311 contract. Under the good news of lead smelting enterprises reducing production, SHFE Lead continued to strengthen, and holders followed the shipment. During the period, the delivery brand quotation was firm...

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