【SMM Shanghai and other #1 lead market midday review: Lead prices are trending lower, downstream demand still prefers lower-priced transactions】

SMM Dec. 8: Chihong lead was quoted at 15,415-15,425 yuan/ton in the Shanghai market, with an increase of 0-10 yuan/ton for the SHFE lead 2312 contract or the SHFE lead 2401 contract; Jijin and Jiangxi Copper lead were quoted at 15,505-15,525 yuan/ton in the Jiangsu and Zhejiang markets, with an increase of 0-20 yuan/ton for the SHFE lead 2312 contract or the SHFE lead 2401 contract. The center of gravity for lead prices in Shanghai has shifted lower, and some holders are offering at higher prices, with quotes turning to small premiums, while refinery deliveries...