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SHFE #1 Lead Price Movement on Aug. 5, 2011
Aug 5,2011 16:45CST
smm insight
Source:SMM
SHFE lead prices opened lower today, then soon slid RMB 815/mt within ten minutes, and later rallied to the moving average.

SHANGHAI, Aug. 5 (SMM)--SHFE lead prices opened lower today, then soon slid RMB 815/mt within ten minutes, and later rallied to the moving average. In this context, a wait-and-see sentiment dominated the market. Domestic well-known brand Nanfang was quoted between RMB 16,000-16,050/mt, with discounts further narrowing to negative RMB 250-300/mt against SHFE 1109 lead contract prices. Offers of other brands such as Baiyin and Jianghan were around RMB 15,950/mt.

 

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SHFE lead prices

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