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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