SMM Report: Secondary Lead Production Constrained by Smog, Primary Lead Market Transactions Improve

SMM Shanghai and Other 1# Lead Markets: Secondary Lead Production Limited by Smog, Regional Transactions in Primary Lead Market Improve

SMM reported on December 18: In the Shanghai market, Honglu lead was quoted at 17,605-17,645 yuan/mt, with a discount of 10-0 yuan/mt against the SHFE lead 2501 contract; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,605-17,645 yuan/mt, with a discount of 10-0 yuan/mt against the SHFE lead 2501 contract. SHFE lead pulled back after surging, and due to limited spot market supply, suppliers stood firm on quotes while selling...