[SMM midday report on Shanghai and other 1# lead markets: Shanghai lead continues to rise, while downstream buyers remain cautious with fewer transactions]

On May 7, SMM news: In the Shanghai market, the prices of Chihong and Honghu lead are 17,670-17,720 yuan/ton, with a premium of 0-50 yuan/ton to the SHFE 2406 contract. In Jiangsu and Zhejiang regions, Jiangtong and Jinde lead are priced at 17,690-17,720 yuan/ton, with a premium of 20-50 yuan/ton to the SHFE 2406 contract. Due to the tightening of raw material supply, Shanghai lead continues to rise, and holders are selling their goods at high prices. During this period, the premium of the smelter's source of goods to the average price of SMM 1# lead has narrowed...