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Shanghai Metal Market: Lead prices rise within range, downstream consumption sentiment remains limited
Today Shanghai Metal Market #1 Lead Spot Price: 16,500-16,600 yuan/ton, average 16,550 yuan/ton, up 150 yuan/ton from the previous trading day, trading at a premium of 180-80 yuan/ton to the 2604 contract. Lead prices are trending higher within the range, and by midday close, the Shanghai lead main contract rose by 200 yuan/ton, a 1.21% increase. Overall, the lead market is relatively weak today, with limited upward momentum in downstream consumption sentiment. Aside from immediate needs, most are cautious, and spot prices continue to trade at a discount. (SHMET)