【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Experiences a Relatively Strong Vibration with Widened Trading Divergence in Spot Market】
SMM, October 16: In the Shanghai market, the price of Honglu lead ranged from 16,660 to 16,715 yuan/ton, with a discount of 50-30 yuan/ton against the SHFE lead 2411 contract. In Jiangsu and Zhejiang regions, Jiangxi Copper and Tongguan lead were quoted at 16,680-16,745 yuan/ton, with a discount of 30-0 yuan/ton against the SHFE lead 2411 contract. Shanghai lead exhibited a relatively strong vibration, with most holders actively shipping their goods. Meanwhile, there emerged disagreements in quotations for ex-factory sources from smelters, leading to a stalemate between buyers and sellers, and a weaker trading performance in the retail market compared to the previous day...



