SHFE Lead Fluctuates Upward, Suppliers Pre-sell December Cargoes Amid Firm Quotes

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Fluctuates Upward, Suppliers Gradually Pre-sell December Cargoes]

SMM, November 20: In the Shanghai market, Honglu lead was quoted at 16,800-16,835 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 16,800-16,835 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract. SHFE lead continued to fluctuate upward, and suppliers' quotes remained relatively firm, especially for cargoes self-picked up from production sites, where inventory was limited...