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Shanghai Metal Market: Lead prices rise within range, downstream demand-driven consumption
Today Shanghai Metal Market #1 Lead Spot Price: 16,500-16,600 RMB/ton, average 16,550 RMB/ton, unchanged from the previous trading day, with a premium of 180-80 RMB/ton over the 2604 contract. Lead prices continue to fluctuate upward, and by midday close, the Shanghai lead main contract rose by 130 RMB/ton, a 0.78% increase. Today’s lead market is generally weak, with limited downstream consumption sentiment amid price fluctuations; aside from immediate needs, most are cautious. The spot market remains in a discount state. (SHMET)