SMM Shanghai and other #1 lead market midday review: limited supply of primary lead, spot trading still carried out at a premium.

SMM, January 9th: In the Shanghai market, Chihong offers 16,190-16,210 yuan/ton, with a premium of 0-20 yuan/ton for the Shanghai lead 2401 contract; in the Jiangsu and Zhejiang markets, Jijin lead offers 16,200-16,220 yuan/ton, with a premium of 0-20 yuan/ton for the Shanghai lead 2402 contract. Shanghai lead maintains a relatively strong and fluctuating trend, and due to limited supply in the market, holders are pushing for higher prices, with some smelters already pre-selling their delivery sources...