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Shanghai Metals Market: Lead prices are oscillating at low levels, and spot trading is not lively.

2026-07-21 16:45:54

Today’s Shanghai Metals Market spot lead (1#) price quote: 15,650–15,800 yuan/ton, with an average of 15,725 yuan/ton, flat versus the previous trading day, with the 2608 contract quoted at a discount of 190 to 40 yuan/ton. Lead inventories continue to accumulate. Domestic demand is in a seasonal lull, so lead prices are staying in a low-range adjustment trend. As of the midday close, the main SHFE lead futures contract rose by 15 yuan/ton, up 0.09%. The spot market today is fairly quiet, with lead prices trading in a low-level range. Downstream buyers maintain only necessary procurement with limited improvement in sentiment, and spot prices continue to trade at a discount. (SHMET)

XPB-0.40%

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