【SMM Shanghai and Other #1 Lead Market Midday Review: End-of-Year Weakness in Downstream Procurement Leads to Slow Lead Spot Market Transactions】

SMM December 19: In the Shanghai market, Chihong quoted 15,660 yuan/ton for lead, with a flat price for the Shanghai lead 2401 contract; in the Jiangsu and Zhejiang markets, Jijin and Jiangxi Copper quoted 15,660-15,670 yuan/ton for lead, with a 0-10 yuan/ton premium for the Shanghai lead 2401 contract. After a high retreat, the Shanghai lead market maintained a consolidation trend, with traders' quotations following the market, and quotations for premiums and discounts basically remaining unchanged. During this period, primary lead smelters and recycled lead smelters ...