Shanghai Lead Market Slows as Suppliers Cut Premiums to Clear Inventory

[SMM Shanghai and Other 1# Lead Markets: Suppliers Cut Premiums to Offload Cargoes, Spot Lead Market Transactions Become Increasingly Sluggish]

SMM, January 21: Few quotations were seen in the Shanghai market; JCC lead in Jiangsu and Zhejiang regions was quoted at 16,745-16,805 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE lead 2502 contract. SHFE lead fluctuated upward, as suppliers gradually completed inventory clearance, leading to fewer quotations...