**SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Rebounds from Lows, Downstream Enterprises Mostly Adopt a Wait-and-See Approach with Cautious Purchasing**
SMM November 1st: In the Shanghai market, Chihong lead is priced at RMB 16,600-16,700 per tonne, with a premium of RMB 0-20 per tonne to SHFE Lead 2411 contract or a discount of RMB 30 per tonne to SHFE Lead 2412 contract. In Jiangsu and Zhejiang regions, Tongguan, Jiangxi Copper, Jinde, Shangjing, and Mulun lead are quoted at RMB 16,500-16,650 per tonne, with a discount of RMB 50-30 per tonne to SHFE Lead 2411 contract. Shanghai lead rebounded from lows, and holders quoted prices according to market conditions. During this period, smelter shipping enthusiasm.....

![Chumbo na LME sob pressão recuou 0,86%, chumbo na SHFE acompanhou a queda na sessão noturna, mantendo a banda média de Bollinger [SMM Lead Morning News]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![SHFE e LME corrigem em conjunto, preços do chumbo consolidam em máximas em meio à redução de estoques e preços firmes [Atas da Reunião Matinal de Chumbo da SMM]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
