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Home / Metal News / SMM Shanghai and Other 1# Lead Markets: SHFE Lead Fluctuates Upward, but the Spot Market Has Entered Holiday Mode [SMM Midday Review]
SMM Shanghai and Other 1# Lead Markets: SHFE Lead Fluctuates Upward, but the Spot Market Has Entered Holiday Mode [SMM Midday Review]
Jan 27, 2025 12:28Source:SMM
SMM Shanghai and Other 1# Lead Markets: SHFE Lead Maintained Fluctuate Upward, but the Spot Market Has Entered Holiday Mode
SMM, January 27: Today marked the last trading day before the Chinese New Year. SHFE lead maintained a fluctuating upward trend, and the contracts showed a backwardation structure. Suppliers have basically stopped quoting...
SMM January 27 News: Today marked the last trading day before the Chinese New Year. SHFE lead maintained a fluctuating upward trend, and contracts showed a backwardation structure. Suppliers had mostly stopped quoting prices, coupled with logistics suspension and widespread production halts for holidays downstream, leaving the spot market stagnant and in a state of no price and no market.
Other Markets: Today, the SMM 1# lead average price dropped by 50 yuan/mt compared to the previous trading day. With upstream and downstream enterprises in the industry chain on holiday and logistics suspended, market transactions came to a halt, creating a strong holiday atmosphere.
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