【SMM Morning Comment on Shanghai and Other 1# Lead Markets: Lead Price Stabilizes at a High Level, and the Activity of the Spot Market Improves】

SMM News on July 4: In the Shanghai market, the price of Chihong lead ranges from 19,645 to 19,720 yuan per ton, and the premium is quoted at 100-150 yuan per ton for the SHFE lead 2408 contract. In Jiangsu and Zhejiang regions, Jiangxi Copper and Tongguan lead are priced at 19,595-19,670 yuan per ton, and the premium is quoted at 50-100 yuan per ton for the SHFE lead 2408 contract. SHFE lead has maintained a high-level consolidation trend, and holders are selling at firm prices. During this period, there is not much supply from smelters, and most quotations are at high premiums...