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Shanghai Metal Market: Lead prices fluctuate and rise, spot transactions remain sluggish
Today Shanghai Metal Market #1 Lead Spot Price: 16,650-16,750 yuan/ton, average 16,700 yuan/ton, up 75 yuan/ton from the previous trading day, trading at a discount of 190-90 yuan/ton to the 2604 contract. The price center of lead continues to fluctuate upward, and by midday close, the Shanghai lead main contract rose by 105 yuan/ton, a 0.63% increase. The price center of lead moves higher, but downstream consumption sentiment remains weak, maintaining just-in-time demand during trading, and the spot remains at a discount. (SHMET)