[SMM Shanghai and Other 1# Lead Markets: Lead Prices Continue to Rise, Downstream Enterprises Become More Cautious Due to High Prices] SMM News on July 4: In the Shanghai market, Chihong and Honglu lead were quoted at 17,180-17,260 yuan/mt, with a discount of 80-0 yuan/mt against the SHFE lead 2508 contract. In the Jiangsu-Zhejiang market, Jijin and JCC lead were quoted at 17,230-17,240 yuan/mt, with a discount of 30-20 yuan/mt against the SHFE lead 2508 contract. The strength of SHFE lead remains unchanged, with suppliers shipping goods accordingly and maintaining discounted quotes...

Overnight, LME lead opened at US$2,057.5/mt, touched a low of US$2,057/mt early in the session, and then fluctuated upward to a high of US$2,073/mt. Entering the European session, it oscillated around the intraday average line and finally closed at US$2,063/mt, down 0.02%.