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Home / Metal News / SHFE #1 Lead Price Movement on November 16

SHFE #1 Lead Price Movement on November 16

iconNov 16, 2011 13:51
SHFE lead prices rose after opening and then rolled back on Wednesday.

SHANGHAI, Nov. 16 (SMM) – SHFE lead prices rose after opening and then rolled back on Wednesday. Quotations for domestic well-known brands such as Nanfang, Chihong Zn & Ge, Yuguang and Chengyuan were around RMB 15,400/mt, with premiums against SHFE 1112 lead contract prices of RMB 30/mt. Traded prices of other lead brands such as Fujiang and Hanjiang were around RMB 15,330-15,350/mt.Most smelters moved goods for long-term contracts, and downstream buyers still purchased as needed, leaving transactions quiet.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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