Shanghai Lead Rebounds Amid Positive Macro Sentiment, Widening Geographic Price Disparities

[SMM Shanghai and Other Grade 1 Lead Markets: Shanghai Lead Rebounds, Geographic Differences in Spot Market Transactions Widen]

SMM, September 24: In the Shanghai market, Chihong lead is quoted at 16,625-16,640 yuan/ton, representing a premium of 50 yuan/ton against the Shanghai Lead 2410 contract; Jijin lead is quoted at 16,575-16,590 yuan/ton, flat against the Shanghai Lead 2410 contract; Jiangxi Copper lead in Jiangsu and Zhejiang regions is quoted at 16,575-16,610 yuan/ton, with a premium of 0-20 yuan/ton against the Shanghai Lead 2410 contract. Boosted by positive macro news, base metals generally turned red, and Shanghai Lead exhibited a relatively strong fluctuation, with holders actively selling before the holiday...