SMM: Lead Suppliers Actively Offload Cargoes, Spot Premiums/Discounts Decline Amid Quiet Shanghai Market

[SMM Shanghai and Other 1# Lead Markets: Suppliers Actively Offload Cargoes, Lead Spot Premiums/Discounts Continue to Decline]

SMM, January 16: Few quotations were observed in the Shanghai market; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 16,600-16,660 yuan/mt, with spot premiums of 20-80 yuan/mt against the SHFE lead 2502 contract. SHFE lead remained range-bound, and suppliers aimed to offload inventory before the holiday, actively quoting and selling...