Shanghai Metal Market: Lead prices adjust at low levels, downstream buyers purchase as needed

K-LinePoet · 2026-04-02T07:36:55+00:00

Today, Shanghai Metal Market's spot quote for primary lead is 16,350-16,450 RMB/ton, with an average of 16,400 RMB/ton, up 50 RMB/ton compared to the previous trading day, and a premium of 120-20 RMB/ton over the 2604 contract. Lead prices continue to fluctuate sideways. As of midday close, the Shanghai lead main contract rose by 65 RMB/ton, a 0.39% increase. Today's spot market shows limited changes, with lead prices remaining volatile. Downstream buyers maintain just-in-time procurement, with lower willingness to purchase more, and spot transactions continue to trade at a discount. (SHMET)

K-LinePoet

2026-04-02 07:36:55

Today Shanghai Metals Market lead spot quotation (Grade 1#): 16350-16450 yuan/ton, average 16400 yuan/ton, up 50 yuan/ton from the previous trading day, with the 2604 contract at a discount of 120-20 yuan/ton. The lead price trend continues to trade sideways and adjust; as of the midday close, the main Shanghai lead futures contract rose by 65 yuan/ton, up 0.39%. Today there is limited change in the spot market; the lead price continues to trade within a range. Downstream demand remains for rigid purchases, with lower willingness to buy more, and spot transactions are generally continuing at a discount. (SHMET)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.