SMM Shanghai and other #1 lead market midday review: Lead prices remain steady and spot transactions at a discount narrow.

SMM News on February 29th: Chihong lead in the Shanghai market is offered at 15950-15970 yuan/ton, with a premium of 20-40 yuan/ton for the Shanghai lead 2403 contract; Jiangtong in the Jiangsu and Zhejiang regions and Jijin lead are offered at 15960-15980 yuan/ton, with a premium of 30-50 yuan/ton for the Shanghai lead 2403 contract. Shanghai lead prices continue to consolidate, with merchandise holders quoting prices in line with the market, and warehouse receipts supporting prices for delivery, with factory pickup sources at a discount...