SHANGHAI, Apr 10 (SMM) - SHFE 2305 lead contract once rebounded to 15,300 yuan/mt last week after falling to around 15,200 yuan/mt. The price difference between primary lead and secondary refined lead remained low at around 50 yuan/mt in the first half of the week, but gradually expanded to 100 yuan/mt in the second half with the rise in SHFE lead prices. Therefore, downstream enterprises preferred purchasing primary lead at first, and secondary refined lead smelters were reluctant to sell. Although the price spread expanded later, downstream enterprises were still less willing to purchase goods after previous intensive procurement.
SHFE Lead Prices Rebounded and Price Spread Between Primary Lead and Secondary Refined Lead Expanded
SHFE 2305 lead contract once rebounded to 15,300 yuan/mt last week after falling to around 15,200 yuan/mt.
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