SMM Shanghai and other 1# lead market midday review: Shanghai lead sha

Published: Jan 15, 2024 12:06

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SMM Shanghai and other 1# lead market midday review: Shanghai lead sharply lower, spot market mostly trading at a premium. SMM News on January 15th: Shanghai market Chihong lead was priced at 16195-16205 yuan/ton, with a premium of 0-10 yuan/ton for the Shanghai lead 2402 contract; in the Jiangsu and Zhejiang markets, Jijin and Jinde lead were priced at 16195-16215 yuan/ton, with a premium of 0-20 yuan/ton for the Shanghai lead 2402 contract. Shanghai lead sharply declined, with holders mostly offering at higher prices for shipments. Additionally, today is the delivery day for the Shanghai lead 2401 contract, and there is not much circulating supply in the market. During this period, primary lead and recycled lead smelters...

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