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In spot markets, well-known brands such as Nanfang, Chihong Zn & Ge and Chengyuan were mostly quoted around RMB 16,100/mt, with discounts expanding to negative RMB 350-400/mt against SHFE 1110 lead contract prices. Other brands such as Hanjiang were quoted at RMB 16,050/mt. Traders believing prices will rise were unwilling to move goods, while downstream buying interest was also low, keeping transactions quiet. In the afternoon, steady SHFE lead prices failed to boost spot prices, with transactions still muted.
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