Shanghai Lead Prices Surge to 17,000 Yuan Mark, Spot Market Faces Tight Supply

**【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Hits 17,000 Yuan Mark, Spot Market Sees Limited Supply and High Prices】**

SMM November 12 Report: In the Shanghai market, the price of Chihong Lead stood at 16,950 yuan/ton, quoted at parity with the SHFE Lead 2412 contract; Honglu Lead was priced at 16,920 yuan/ton, quoted at a discount of 30 yuan/ton to the SHFE Lead 2412 contract; Tongguan and Jiangxi Copper Lead in Jiangsu and Zhejiang regions reported prices ranging from 16,910 to 16,930 yuan/ton, quoted at a discount of 40 to 20 yuan/ton to the SHFE Lead 2412 contract. Shanghai Lead experienced a strong upward trend, and due to the approaching delivery date, the spot market saw limited supply available for circulation...