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SHFE #1 Lead Price Movement on November 16
Nov 16, 2011 13:51Source:SMM
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.
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