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Shanghai # 1 Refined Lead Movement (Jul. 4, 2011)
Jul 4,2011 15:18CST
smm insight
Source:SMM
SHANGHAI, Jul.4 (SMM) – SHFE lead prices rose to break through the 60-day moving average after a higher opening today. In response, lead from the Chihong Zinc and

SHANGHAI, Jul.4 (SMM) – SHFE lead prices rose to break through the 60-day moving average after a higher opening today. In response, lead from the Chihong Zinc and Germanium Company traded at RMB 16,550/mt, with spot discounts at negative RMB 750-850/mt. Smelters are unwilling to sell goods waiting for higher prices, with limited supply of other brands. Traders with bullish sentiment are hoarding goods, slightly improving transaction.


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