Lead Prices Fluctuate and Decline in SMM Shanghai and Other 1# Markets, Prompting Downstream Buying Intent at Lower Prices

**SMM Shanghai and Other 1# Lead Markets: Lead Prices Fluctuate and Decline, Downstream Enterprises Intend to Purchase at Lower Prices**

SMM Report on November 6: In the Shanghai market, the price of Chihong lead ranged from RMB 16,610 to 16,630 per tonne, with a premium of RMB 0-20 per tonne to the SHFE Lead 2411 contract or a discount of RMB 30 per tonne to the SHFE Lead 2412 contract. In Jiangsu and Zhejiang regions, Tongguan, Jiangxi Copper, and Jinde lead were quoted at RMB 16,610-16,695 per tonne, with a discount of RMB 50-30 per tonne to the SHFE Lead 2412 contract. SHFE lead prices fluctuated and declined, and the discount offered by holders of the goods narrowed slightly...