[SMM Shanghai and Other #1 Lead Market Midday Review: Shanghai Lead Prices Rise Then Fall, Downstream Enterprises Remain Cautious]

SMM May 10th News: On the Shanghai market, Chihong and Honglu lead prices are quoted at 17,940-18,020 yuan/ton, which is a premium of 0-50 yuan/ton against Shanghai lead contract 2405 or 2406; in Jiangsu and Zhejiang regions, Jiangtong and Jinde lead prices are quoted at 17,985-18,030 yuan/ton, which is a premium of 30-60 yuan/ton against Shanghai lead contract 2406. Shanghai lead prices have risen and then fallen relatively, and the enthusiasm of holders to quote prices is generally low, most of them preferring to deliver to warehouses...