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SHFE #1 Lead Price Movement on Sept. 28
Sep 28,2011 14:41CST
smm insight
Source:SMM
Domestic brands such as Nanfang and Chengyuan were quoted between RMB 14,400-14,450/mt, close to SHFE 1111 lead contract prices.

SHANGHAI, Sept. 28 (SMM)--SHFE lead prices fluctuated around the moving average after opening. Domestic brands such as Nanfang and Chengyuan were quoted between RMB 14,400-14,450/mt, close to SHFE 1111 lead contract prices. Market sentiment improved, with downstream buyers increasing purchases at lower prices. Smelters were still reluctant to sell goods despite lead prices rebounded, believing prices are still at low levels.
 

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