SMM Research: Lead prices fall to nearly one-month low, downstream demand stimulates inventory digestion
According to research, Shanghai lead has continued to decline recently, with the main contract price falling to a near one-month low. During this period, the price difference between futures and spot markets has gradually narrowed to within 200 yuan/ton, leading to a decrease in the advantage of factory delivery sources compared to warrant delivery. At the same time, the enthusiasm for shipments from primary and secondary lead smelters has also decreased...

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