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Shanghai Metal Network: Lead prices fluctuate, spot trading activity picks up
Today, Shanghai Metal Market #1 Lead Spot Price: 16,550-16,700 RMB/ton, average 16,625 RMB/ton, down 25 RMB/ton from the previous trading day. The premium for the 2604 contract is 240-90 RMB/ton. This morning, lead prices remained weak and volatile. By midday, the Shanghai lead main contract fell 90 RMB/ton, a 0.53% decrease. Market activity has warmed up today, with downstream companies gradually resuming work. The demand for immediate consumption has increased compared to before, and spot trading has become more active. (SHMET)