SMM Shanghai and other 1# lead market noon comment: Shanghai lead continues to strengthen, spot maintains a premium but trading turns weaker

SMM News on January 23: Chihong lead in Shanghai market is quoted at 16600-16620 yuan/ton, with a premium of 10-30 yuan/ton for the SHFE 2402 contract; Jinde lead in Jiangsu and Zhejiang market is quoted at 16600-16620 yuan/ton, with a premium of 10-30 yuan/ton for the SHFE 2402 contract. Shanghai lead continues to strengthen, with holders shipping along the way, but current circulating supply is relatively small, and the offer is still at a small premium. At the same time, primary lead smelters are delivering goods...