Shanghai Lead Market Maintains Strength Amid Widening Premium-Discount Gap, SMM Reports

【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Maintains a Relatively Strong Vibration, and the Difference in Premium and Discount in the Spot Market Widens】

SMM News on October 22: In the Shanghai market, the price of Honglu lead ranged from 16,715 to 16,755 yuan/ton, with a discount of 50-30 yuan/ton quoted against the SHFE 2411 lead contract; in Jiangsu and Zhejiang regions, the prices of Jiangtong and Tongguan lead were reported at 16,735-16,785 yuan/ton, with a discount of 30-0 yuan/ton quoted against the SHFE 2411 lead contract. Shanghai lead continued its relatively strong and volatile trend, with holders firming up prices and selling, but warehouse receipt transactions were generally...