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Shanghai Metal Network: Lead prices are showing a relatively strong trend in the short term, with downstream buyers purchasing as needed

K-LinePoet
Today Shanghai Metal Market #1 Lead Spot Price: 16,400-16,550 RMB/ton, average 16,475 RMB/ton, down 100 RMB/ton from the previous trading day, trading at a discount of 210-60 RMB/ton to the 2606 contract. This morning, lead prices fluctuated during the session, and by midday, the Shanghai lead main contract fell by 25 RMB/ton, a decrease of 0.15%. Lead prices continued a phase of relatively strong momentum, but downstream acceptance was not high, and intra-day purchases mainly maintained just-in-time demand, with spot prices remaining at a discount. (SHMET)
XPB-1.04%
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