Home / Metal News / Copper / SHFE #1 Lead Price Movement on August 22, 2011
SHFE #1 Lead Price Movement on August 22, 2011
Aug 22,2011 14:09CST
smm insight
Source:SMM
SHFE lead prices opened RMB 100/mt higher today then moved steady, boosting domestic spot prices.

SHANGHAI, Aug. 22 (SMM)--SHFE lead prices opened RMB 100/mt higher today then moved steady, boosting domestic spot prices. Spot discounts against SHFE 1110 lead contract prices were between negative RMB 380-450/mt. Well-known brands such as Chihong Zn & Ge, Chengyuan and Nanfang were quoted around RMB 16,300/mt, but with transactions modest. Other brands such as Hanjiang and Tianma were quoted between RMB 16,180-16,200/mt. The wait-and-see sentiment dominated the market due to weakening stocks and other base metals prices, despite rising lead prices, keeping transactions muted.
 

SHFE lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news