Shanghai Lead Market Consolidates Amid Subdued Spot Trading Activity

【SMM Shanghai and Other No.1 Lead Markets: Shanghai Lead Continues to Consolidate, and Spot Market Trading Remains Subdued】

SMM, October 24: In the Shanghai market, the price of Honglu lead ranged from 16,715 to 16,755 yuan/ton, with a discount of 50-30 yuan/ton against the Shanghai Lead 2411 contract. In Jiangsu and Zhejiang regions, Jiangtong and Tongguan lead were quoted at 16,735-16,785 yuan/ton, with a discount of 30-0 yuan/ton against the Shanghai Lead 2411 contract. Shanghai Lead continued its consolidation trend, with little change in the price spreads quoted by holders. Meanwhile, the transfer of refinery inventories...