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SHFE #1 Lead Price Movement on December 2
Dec 2,2011 13:46CST
smm insight
Source:SMM
SHFE lead prices opened slightly lower and moved around the moving average on Friday.

SHANGHAI, Dec. 2 (SMM) – SHFE lead prices opened slightly lower and moved around the moving average on Friday. Quotations for domestic well-known brands such as Nanfang, Chihong Zn & Ge fell by RMB 50-80/mt compared to the previous trading day, to RMB 15,650/mt, with discounts against the most active lead contract prices of negative RMB 30/mt. Quotations for other brands such as Baiyin and Gejiu were between RMB 15,600-15,620/mt. Although smelters were more willing to move goods, downstream buyers were not actively purchasing at higher prices ahead of the weekend, with limited transactions done in the market.
 

SHFE #1 lead
lead prices

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