SHFE Lead Surges Amid Sluggish Spot Market as Smog Warnings Boost Supply Tightening Expectations

[SMM Shanghai and Other 1# Lead Markets: SHFE Lead Surges Strongly While Spot Market Trading Remains Sluggish]

SMM, December 23: In the Shanghai market, Honglu lead was quoted at 17,475-17,525 yuan/mt, on par with the SHFE 2501 contract; in Jiangsu and Zhejiang regions, JCC and Jinde lead were quoted at 17,475-17,525 yuan/mt, on par with the SHFE 2501 contract. In Anhui, Henan, and other regions, the resurgence of smog warnings has heightened expectations of tightened supply, driving SHFE lead to surge strongly...