【SMM Shanghai and Other #1 Lead Market Midday Review: Lead Prices Spike Then Drop, North-South Spot Market Price Differential Widens】

SMM, June 3: In the Shanghai market, Chisun lead is priced at 18,825-18,925 yuan/ton, with a premium of 0-20 yuan/ton against the Shanghai lead 2406 contract; in the Jiangsu and Zhejiang regions, Jijin, Jiangtong, and Tongguan lead are priced at 18,815-18,935 yuan/ton, with a discount of 10 yuan/ton to a premium of 30 yuan/ton against the Shanghai lead 2406 contract. Shanghai lead prices spiked then dropped, and holders sold their inventory at prevailing prices. The price premium/discount quoted was not much different from that of last Friday...