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SHFE #1 Lead Price Movement on Sept. 22
Sep 22,2011 12:01
CSTsmm insight
Source:SMM
SHFE 1111 lead contract prices opened lower and fluctuated around the moving average today.
SHANGHAI, Sept. 22 (SMM)--SHFE 1111 lead contract prices opened lower and fluctuated around the moving average today. Domestic spot prices were down RMB 300/mt from yesterday’s. The brands such as Nanfang, Chihong Zn & Ge and Yuguang were quoted between RMB 15,350-15,400/mt, with discounts of negative RMB 50-100/mt against SHFE 1111 lead contract prices. Downstream buyers increased purchases, causing transactions to improve.
SHFE lead
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