Shanghai Metal Market: Lead prices fluctuate, downstream consumption based on demand

K-LinePoet · 2026-04-11T19:25:06+00:00

Today's spot quote for primary lead on Shanghai Metal Market: 16,350–16,450 yuan/ton, with an average of 16,400 yuan/ton; down 125 yuan/ton from the previous trading day. Against contract 2604, it is quoted at a discount of 250–150 yuan/ton. This morning, lead prices continued to fluctuate within a choppy range. As of the midday close, the Shanghai lead main contract was down 75 yuan/ton, a decline of 0.45%. With lead prices moving in a range, downstream buyers mostly maintain procurement driven by actual need, with relatively low willingness to stock up. Spot market activity is generally moderate, and spot discounts fluctuate slightly. (SHMET)

K-LinePoet

2026-04-11 19:25:06

Today Shanghai Metal Market #1 Lead Spot Price: 16,350-16,450 yuan/ton, average 16,400 yuan/ton, down 125 yuan/ton from the previous trading day, with a premium of 250-150 yuan/ton over the 2604 contract. This morning, lead prices continued to fluctuate, and by midday, the Shanghai lead main contract closed at a decline of 75 yuan/ton, a 0.45% drop. Lead prices are fluctuating within a range, with downstream buyers mostly maintaining just-needed purchasing intentions and low willingness to stockpile. The activity in the spot market is moderate, and the spot premium fluctuates slightly. (SHMET)

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