【SMM Shanghai and Other 1# Lead Market Midday Review: Shanghai Lead Falls from High Levels, Upstream and Downstream Companies Cautiously Waiting】

SMM April 1st news: Chihong lead in Shanghai market is priced at 16515-16535 yuan/ton, with flat pricing for SHFE 2404 lead contract, or a premium of 50 yuan/ton for SHFE 2405 lead contract; Jiangsu and Zhejiang regions' Jiangtong lead is priced at 16515-16565 yuan/ton, with a premium of 50-100 yuan/ton for SHFE 2405 lead contract. Bulls have been gradually leaving the market in the morning session, causing Shanghai lead to fall from high levels. During this time, holders have been releasing their goods, but there is confusion in the market between deliverable and non-deliverable goods pricing.