SMM Report: SHFE Lead Fluctuates, Spot Market Sluggish Ahead of Chinese New Year

SMM Shanghai and Other 1# Lead Markets: SHFE Lead Opened Low and Closed High, While Spot Market Trading Was Sluggish

SMM, January 22: Few quotations were seen in the Shanghai market; in Jiangsu and Zhejiang regions, Tongguan and JCC lead were quoted at 16,700-16,780 yuan/mt, with a premium of 0-50 yuan/mt against the SHFE lead 2502 contract. SHFE lead showed a trend of opening low and closing high, while the domestic market was increasingly influenced by the Chinese New Year atmosphere, and some suppliers had already started their holidays...