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Shanghai Metal Market: Lead prices adjust at low levels, downstream buyers purchase as needed
Today, Shanghai Metal Market #1 Lead Spot Price: 16,250-16,350 RMB/ton, average 16,300 RMB/ton, up 50 RMB/ton from the previous trading day, with a premium of 130-30 RMB/ton over the 2604 contract. Lead prices continue to fluctuate at low levels. By midday, the Shanghai lead main contract rose by 75 RMB/ton, a 0.46% increase. Lead prices remain low and stable, with downstream purchasing activity generally moderate. During trading, most buyers purchased on demand, but market circulation did not significantly increase. Spot supply and demand are stable, and the premium slightly narrowed. (SHMET)