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SMM Lead Morning Meeting: SHFE Contract Delivery Cuts Short-Term Supply, Premium Trading Expected

Published: Mar 17, 2025 08:08
[SMM Lead Morning Meeting Summary: SHFE Lead Front-Month Contract Delivery Reduces Short-Term Market Circulating Supply] Primary lead production remains stable with slight increases, while the delivery of SHFE lead front-month contract reduces short-term market circulating supply. Spot is expected to maintain trading at a premium. For secondary lead, with stronger lead prices and improved smelter profits, the discount for secondary refined lead shipments may widen.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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