"SMM Shanghai and other 1# lead market midday review: Lead prices continue to weaken, spot market price difference narrows and transactions improve

SMM News on November 29th: Shanghai market Chihong lead is priced at 16,015-16,035 yuan/ton, with a quotation for the Shanghai lead 2312 contract at a discount of 20-0 yuan/ton; Jinjin and Jiangtong lead in the Jiangsu and Zhejiang markets are priced at 16,005-16,035 yuan/ton, with a discount of 30-0 yuan/ton for the Shanghai lead 2312 contract. The downward trend of Shanghai lead continues, and the offer prices of holders follow the market. Some maintain a discount for shipments, while the price difference in areas where smelters pick up goods narrows, partly due to end-of-month inventory clearance..."