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Other markets: Today, the SMM 1# lead price fell by 75 yuan/mt compared to the previous trading day. In Henan, suppliers' quotations were at discounts of 200-150 yuan/mt against the SHFE lead 2508 contract for factory delivery, with improved transaction activity and orders being placed for delivery next week. However, there was still much price negotiation. In Hunan, smelters' quotation discounts slightly expanded, with quotations at discounts of 20-10 yuan/mt against the SMM 1# lead average price for factory delivery. Small smelters' lead quotations could be at discounts of 50-40 yuan/mt, and traders' quotations for the SHFE lead 2508 contract were at a discount of 220 yuan/mt. In Jiangxi, suppliers' quotations were at premiums of 75-100 yuan/mt against the SMM 1# lead average price for factory delivery, with some transactions. In Yunnan, suppliers' quotations were at discounts of 230-220 yuan/mt against the SMM 1# lead average price for factory delivery. Lead prices were in the doldrums, with significant differences in purchasing strategies among downstream enterprises. Some enterprises had a strong wait-and-see sentiment, while others purchased on a need-to-buy basis and at low prices, with much price negotiation. The spot order market saw regional improvements in transactions.
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