Shanghai Metal Market: Lead prices adjust at low levels, downstream buyers purchase as needed

K-LinePoet · 2026-04-07T15:59:51+00:00

Today Shanghai Metal Market Lead Spot Price: 16,350-16,450 RMB/ton, with an average of 16,400 RMB/ton, unchanged from the previous trading day, trading at a premium of 130-30 RMB/ton over the 2604 contract. This morning, lead prices continued to consolidate sideways. By midday, the Shanghai lead main contract rose by 25 RMB/ton, a 0.15% increase. The spot market saw limited changes today, with lead prices continuing to fluctuate. Downstream buyers maintained just-in-time procurement, with limited willingness to purchase more, and spot prices remained at a discount. (SHMET)

K-LinePoet

2026-04-07 15:59:51

Today, Shanghai Metals Market 1# lead spot price quote: 16350-16450 yuan/ton, with an average price of 16400 yuan/ton, unchanged from the previous trading day, and at a discount of 130-30 yuan/ton versus the 2604 contract. This morning, the lead price continues to trade sideways in a consolidation, and as of the midday close the Shanghai lead main contract is up 25 yuan/ton, a gain of 0.15%. Today, changes in the spot market are limited; the lead price continues to trade in a range. Downstream buyers maintain just-need procurement, and buying interest is limited, so spot prices remain at a discount. (SHMET)

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