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SHFE #1 Lead Price Movement on August 15, 2011
Aug 15,2011 17:05CST
smm insight
Source:SMM
SHFE lead prices opened higher and then moved around the moving average today.

SHANGHAI, Aug. 15 (SMM)--SHFE lead prices opened higher and then moved around the moving average today. But domestic spot lead prices remained relatively unchanged from last Friday’s levels. Well-known brands such as Nanfang, Chihong Zn & Ge and Shuikoushan were generally quoted between RMB 16,300-16,350/mt, with discounts of negative RMB 350-40/mt against SHFE 1110 lead contract prices. Offers for other brands which were unpopular were barely discovered. Downstream buyers took a wait-and-see attitude at higher spot prices, leaving transactions muted.

 

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SHFE lead prices

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