Shanghai Lead Market: Prices Slump, Prompting Downstream Caution Amid Fears of Further Declines

【Shanghai Lead Spot: Lead Prices Decline, Downstream Enterprises Hesitate to Purchase Amid Fear of Further Drops】

SMM August 29: In the Shanghai market, the price of imported Wanyang lead was quoted at 17,390 yuan/ton, with a discount of 100 yuan/ton against the SHFE Lead 2409 contract; imported Harz lead was quoted at 17,090 yuan/ton, with a discount of 400 yuan/ton against the SHFE Lead 2409 contract; Jiangxi Copper lead in Jiangsu and Zhejiang regions was quoted at 17,490-19,510 yuan/ton, with a premium of 0-20 yuan/ton against the SHFE Lead 2409 contract. SHFE Lead prices showed weakness with a downward trend, while there was limited circulation of delivery brands in the Jiangsu, Zhejiang, and Shanghai markets...