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Shanghai Metal Market: Lead prices fluctuate downward, spot transactions are average
Today Shanghai Metal Market #1 Lead Spot Price: 16,400-16,500 RMB/ton, average 16,450 RMB/ton, down 100 RMB/ton from the previous trading day, trading at a discount of 190-90 RMB/ton to the 2605 contract.
This morning, lead prices extended their decline, and by midday, the Shanghai lead main contract fell by 140 RMB/ton, a decrease of 0.84%.
As lead prices decline further, downstream companies mainly purchase on demand at lower prices, and there is a slight easing in consumption sentiment, but overall trading remains average, with spot maintaining a discount. (SHMET)