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Shanghai Metal Market: Lead prices fluctuate and trade remains sluggish
Today Shanghai Metal Market #1 Lead Spot Price: 16,550-16,700 RMB/ton, average 16,625 RMB/ton, down 50 RMB/ton from the previous trading day. The premium for the 2604 contract is 250-100 RMB/ton. This morning, lead prices fluctuated with volatility. By midday, the Shanghai lead main contract closed down 25 RMB/ton, a decrease of 0.15%. Today’s market sentiment showed limited change, with lead prices continuing to fluctuate. Downstream buyers are purchasing mainly for immediate needs, but the volume is limited, and spot trading remains hesitant. (SHMET)