SHFE #1 Lead Price Movement on Aug. 1

Aug 1, 2011 17:21

SHFE lead prices moved around the moving average on Monday.

SHANGHAI, Aug. 1 (SMM)--SHFE lead prices moved around the moving average on Monday. The market was cautious ahead of the result of US debt limit negotiation, so transactions in domestic spot markets were quiet. Offers of well-known brands such as Jinsha and Shuikoushan were between RMB 17,080-17,120/mt, with discounts of negative RMB 450-500/mt against SHFE 1109 lead contract prices. Other brands such as Jinguan and Hanjiang were quoted around RMB 17,020/mt.

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SHFE lead prices

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SHFE #1 Lead Price Movement on Aug. 1

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