【SMM Shanghai and Other 1# Lead Market Afternoon Comment: Shanghai Lead Maintains High-level Consolidation, High-price Deals in Spot Market Weaken】

SMM report on July 12: The price of Chihong Lead in Shanghai market is RMB 19,580-19,630 per ton, with a premium of RMB 50 per ton against Shanghai Lead Contract 2408. In Jiangsu and Zhejiang regions, Jiangxi Copper and Jinde Lead are quoted at RMB 19,580-19,660 per ton, with a premium of RMB 50-80 per ton against Shanghai Lead Contract 2408. Shanghai Lead maintains a consolidation trend, and there is not much circulating supply. Holders are firm on prices and shipping goods, during which time, smelters are providing cargo...