[SMM Shanghai and Other 1# Lead Market Afternoon Comment: Shanghai Lead Hits a Low and Rebounds, the Spot Market Trades Mostly on Premium]

SMM July 11th News: In the Shanghai market, the price of Chihong lead is 19,540-19,580 yuan/ton, quoted at a premium of 50 yuan/ton to the SHFE 2408 contract; in the Jiangsu-Zhejiang region, Jiangtong and Jinde lead are priced at 19,540-19,610 yuan/ton, quoted at a premium of 50-80 yuan/ton to the SHFE 2408 contract. Shanghai lead hit a low and rebounded, as traders maintained firm prices while the supply from smelters was limited...