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Shanghai Metal Market: Lead prices fluctuate, spot transactions are average
Today, Shanghai Metal Market #1 Lead Spot Price: 16,500-16,650 RMB/ton, average 16,575 RMB/ton, unchanged from the previous trading day. The premium for the 2603 contract is 230-80 RMB/ton. This morning, lead prices continued to fluctuate. By midday, the Shanghai lead main contract rose by 85 RMB/ton, a 0.51% increase. The spot market showed limited changes compared to the previous trading day, with lead prices remaining volatile. Downstream demand is mostly driven by immediate needs, and the spot market circulation is relatively stable. Supply and demand are not significantly conflicting, and spot quotes are relatively steady. (SHMET)