SMM Shanghai and other 1# Lead Market Midday Review: Lead Prices Maintain a Consolidation Trend as Regional Supply Differences Lead to Increase in Price Spreads

SMM News on February 23: The Shanghai market price for Chihong lead is 15905-15915 yuan/ton, with a premium of 20-30 yuan/ton for the Shanghai lead 2403 contract; in the Jiangsu and Zhejiang regions, Jiangtong and Tongguan lead are priced at 15905-15925 yuan/ton, with a premium of 20-40 yuan/ton for the Shanghai lead 2403 contract. Shanghai lead maintains a consolidation trend, with active shipments from holders and small increases in prices, while there are significant differences in supply between different regions during this period…