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Shanghai Metal Market: Lead prices fluctuate at low levels, downstream consumption remains sluggish
Today Shanghai Metal Market #1 lead spot quotation: 16,100–16,200 yuan/ton, average 16,150 yuan/ton, down 250 yuan/ton from the previous trading day. The spot is at a discount of 240–140 yuan/ton versus the 2604 contract. This morning, lead prices continued to trade in a low-range, and by the midday close, the Shanghai lead main contract fell by 170 yuan/ton, a decline of 1.03%. Lead prices remain in a low range; downstream buyers maintain a low willingness to purchase to fulfill immediate demand. Spot market activity is moderate, and the spot discount fluctuates slightly. (SHMET)