SHANGHAI, Sep 6 (SMM) -- Domestic lead prices gained at a slow pace after returning above RMB 16,000/mt. On one hand, lower operating rates at downstream producers in Jiangsu and Zhejiang provinces from restrictions on electricity supplies continued, reducing downstream demand. On the other hand, the price at around RMB 16,000/mt is a high price level of the year, and meanwhile LME lead prices lacked upward momentum, both depressing market sentiment, with low market trading sentiment. Traders didn’t keep prices as firm as before in view of increasing inventories from sluggish transactions over the past several weeks. In general, transactions were limited, with prices generally in the RMB 16,000-16,300/mt range.
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