SHFE #1 Lead Price Movement on December 1

SHANGHAI, Dec. 1 (SMM) – SHFE lead prices opened low and moved lower on Thursday. Although spot prices for well-known lead brands were RMB 15,750/mt earlier following SHFE lead prices, the lower-than-expected PMI figure dragged SHFE lead prices and spot prices down and transactions at higher prices were sparse. Traded prices for Chihong Zn & Ge were around RMB 15,720/mt, and prices for Chengyuan, Nanfang and Shuikoushan were between RMB 15,650-15,700/mt, while lead of Gejiu was rarely traded at RMB 15,620/mt, with discounts against SHFE lead prices of negative RMB 50-150/mt. Wait-and-see sentiments still dominated the market, leaving transactions quiet.