SMM Shanghai and Other 1# Lead Market Midday Commentary: Shanghai Lead Remains Strong, Gap between Primary and Recycled Lead Widens

SMM April 24 News: In the Shanghai market, the price of Chihong and Honglu lead is 17,145-17,205 yuan/ton, with a premium of 0-60 yuan/ton over the Shanghai lead 2405 contract. In the Jiangsu and Zhejiang regions, the price of Jiangtong and Jinde lead is 16,155-17,205 yuan/ton, with a premium of 40-60 yuan/ton over the Shanghai lead 2405 or 2406 contract. Shanghai lead remains strong, and the quotation premium/discount of stockholders has not changed much compared to yesterday. During this period, the smelter's supply of goods has raised the premium over the average price of SMM 1# lead...