Supply-Side Environmental Crackdown Continues, Lead Markets Face Tight Supply and High Prices

[SMM Shanghai and Other 1# Lead Markets: Supply-Side Environmental Protection Impact Persists, Spot Market Faces Tight Supply, High Prices, and Poor Transactions]

SMM, December 24: In the Shanghai market, Honglu lead was quoted at 17,340-17,385 yuan/mt, with a premium of 0-10 yuan/mt against the SHFE lead 2501 contract. In the Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 17,340-17,405 yuan/mt, with a premium of 0-30 yuan/mt against the SHFE lead 2501 contract. SHFE lead pulled back, while the supply-side environmental protection impact persisted, and some suppliers had already sold out their December cargoes...