SHFE #1 Lead Price Movement on December 6

Dec 6, 2011 13:34

SHFE lead prices moved weakly after opening on Tuesday. Domestic traders sold off goods against the bearish outlook.

SHANGHAI, Dec. 6 (SMM) – SHFE lead prices moved weakly after opening on Tuesday. Domestic traders sold off goods against the bearish outlook. Quotations for domestic well-known brands such as Nanfang, Chengyuan were around RMB 15,600/mt, but most transactions were done at RMB 15,550/mt. Traded prices for other brands such as Baiyin and Tianma were between RMB 15,450-15,490/mt. Downstream buyers continued to purchase as needed, leaving transactions modest.

SHFE #1 lead

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SHFE #1 Lead Price Movement on December 6

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