【SMM Shanghai and Other 1# Lead Market Afternoon Commentary: Shanghai Lead Maintains a High Consolidation Trend While the Price Difference between the North and South of the Spot Market Widens】

SMM reported on July 9th that in the Shanghai market, Chihong lead is priced at 19,605-19,625 yuan/ton, with a premium of 30-50 yuan/ton over the SHFE 2408 lead contract. In Jiangsu and Zhejiang regions, Jiangxi Copper and Jinde lead are priced at 19,605-19,655 yuan/ton, with a premium of 20-80 yuan/ton over the SHFE 2408 lead contract. Shanghai lead maintains a consolidation trend, and some holders have lowered the premium...