Lead Prices Fluctuate at High Levels, Downstream Firms Mainly Rely on Long-term Contracts

[SMM Shanghai and Other 1# Lead Markets: Lead Prices Fluctuate at High Levels, Downstream Enterprises Mainly Purchase via Long-term Contracts]

SMM reported on November 26: In the Shanghai market, Chihong lead was quoted at 17,120-17,140 yuan/mt, on par with the SHFE lead 2412 contract; in the Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 17,090-17,140 yuan/mt, with a discount of 30-0 yuan/mt against the SHFE lead 2412 contract. SHFE lead remained in a high-level consolidation phase, and suppliers quoted accordingly. During this period, some suppliers continued to presell December supplies, while November supplies were quoted more firmly...