SHFE #1 Lead Price Movement on Aug. 8, 2011

Aug 8, 2011 17:06

SHFE lead prices opened lower and then rose today.

SHANGHAI, Aug. 8 (SMM)--SHFE lead prices opened lower and then rose today. Domestic well-known brand Chihong Zn & Ge was generally quoted between RMB 15,800-15,900/mt, with discounts further narrowing to negative RMB 250-270/mt. Other brands such as Jinguan and Baiyin were not popular in markets. Traders were cautious, while downstream buying interest was still low despite lower prices, keeping transactions quiet.

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SHFE lead prices

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SHFE #1 Lead Price Movement on Aug. 8, 2011

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