【SMM Shanghai and other 1# Lead Market Midday Review: Shanghai Lead continues to trade weakly with limited volatility in the spot market】

SMM March 27: Shanghai Chihong lead is trading at 16200-16220 yuan/ton, with a premium of 30-50 yuan/ton for the Shanghai lead 2404 contract; in Jiangsu and Zhejiang areas, Jiang Tong lead is trading at 16180-16220 yuan/ton, with a premium of 20-50 yuan/ton for the Shanghai lead 2404 or 2405 contract. The center of gravity for Shanghai lead prices is gradually shifting lower, coupled with limited circulating supply in the Jiangsu, Zhejiang and Shanghai regions, as holders maintain small premium quotes.