SHANGHAI, Jul. 29 (SMM)--SHFE lead prices opened higher and plummeted as of 10:30 am, dragging down domestic spot lead prices. The well-known brand Chihong Zn & Ge was quoted at RMB 17,170/mt, with discounts against SHFE 1109 lead contract prices between negative RMB 500-550/mt, and with offers falling to RMB 17,120/mt later. Offers for other brands such as Chengyuan, Shuikongshan and Shuangyan were firm between RMB 17,100-17,150/mt. Transactions were quiet due to tight cash flow at the end of the month.
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