Shanghai Lead Market Consolidates, Discounted Quotes as Downstream Purchases Remain On-Demand

【SMM Shanghai and Other 1# Lead Markets: Shanghai Lead Shows Consolidation Trend, Downstream Enterprises Maintain On-demand Purchasing】

SMM News on October 17: In the Shanghai market, the price of Honglu lead ranged from 16,630 to 16,705 yuan/ton, with a discount of 50-30 yuan/ton against the SHFE 2411 lead contract; in Jiangsu and Zhejiang regions, Jiangtong and Tongguan lead were quoted at 16,650-16,735 yuan/ton, with a discount of 30-0 yuan/ton against the SHFE 2411 lead contract. Shanghai lead showed a consolidation trend, with holders selling as prices moved, and quotes tending to be discounted. In addition, refinery sources...