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Shanghai Metal Market: Lead prices fluctuate weakly with limited spot trading
Today, Shanghai Metal Market #1 Lead Spot Price: 16,500-16,600 RMB/ton, average 16,550 RMB/ton, down 25 RMB/ton from the previous trading day. The premium for the 2603 contract is 180-80 RMB/ton. This morning, lead prices remained volatile, and by midday, the Shanghai lead main contract rose by 55 RMB/ton, a 0.33% increase. Today, spot market trading was moderate. After the New Year, industries gradually resumed work, lead prices fluctuated at low levels, and downstream buyers mainly replenished stocks as needed with moderate purchasing volumes. (SHMET)