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Shanghai Metal Market: Lead prices fall further, spot trading is poor
Today, Shanghai Metal Market #1 Lead Spot Price: 16,350-16,500 RMB/ton, average 16,425 RMB/ton, down 200 RMB/ton from the previous trading day. The premium/discount to the 2602 contract is 220 to 70 RMB/ton. This morning, lead prices continued to decline, and by midday, the Shanghai lead main contract fell by 240 RMB/ton, a decrease of 1.43%. The decline in lead prices continued to widen. Holders actively offered goods, but downstream acceptance was limited, and the spot discount widened compared to yesterday. (SHMET)