【Shanghai Lead Spot Market: Recycled Lead Held Back Due to Low Prices, Downstream Rigid Demand Partially Shifts Back to Primary Lead】
SMM September 10: In the Shanghai market, Jijin Lead quoted at RMB 16,390-16,420 per ton, offering a flat price against the SHFE Lead 2409 contract; in Jiangsu and Zhejiang regions, Jiangtong Lead quoted at RMB 16,370-16,420 per ton, offering a discount of RMB 20-0 per ton against the SHFE Lead 2409 contract. The operating focus of SHFE Lead shifted downwards again, with holders quoting prices in line with market trends. Some planned to deliver to warehouses, and their quotes remained relatively firm...
