Shanghai Metals Network: Lead Price Oscillates at Low Levels, Downstream Consumption Remains Sluggish

K-LinePoet · 2026-03-24T23:00:27+00:00

Today's Shanghai Metals Network1 lead spot quotation: 16,200-16,300 yuan/ton, average price 16,250 yuan/ton, up 100 yuan/ton compared to the previous trading day, with a discount of 140 to 40 yuan/ton against the 2604 contract. Lead prices fluctuated slightly at the lower end of the range this morning. As of noon closing, the Shanghai lead main contract rose 20 yuan/ton, up 0.12%. Shanghai lead's center of gravity has shifted downward with weak rebound strength. Downstream consumption sentiment is relatively low, with most taking a wait-and-see approach except for rigid demand. Due to poor trading, the willingness of inventory holders to quote has also decreased. Some are reluctant to sell at low prices, with the spot market overall showing sluggish buying and selling activity. (SHMET)

K-LinePoet

2026-03-24 23:00:27

Today, Shanghai Metal Market #1 Lead Spot Price: 16,200-16,300 RMB/ton, average 16,250 RMB/ton, up 100 RMB/ton from the previous trading day, trading at a premium of 140-40 RMB/ton over the 2604 contract. This morning, lead prices fluctuated slightly at the lower end of the range. By midday, the Shanghai lead main contract rose by 20 RMB/ton, a 0.12% increase. The center of gravity for Shanghai lead has shifted downward with weak rebounds. Downstream consumption sentiment remains low, with most adopting a wait-and-see attitude except for immediate needs. Due to poor trading, sellers are less motivated to quote actively, some hesitant to sell at low prices, resulting in overall weak spot trading and procurement. (SHMET)

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