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Home / Metal News / SHFE #1 Lead Price Movement on December 6

SHFE #1 Lead Price Movement on December 6

Dec 6, 2011 13:34

Source:SMM

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

lead prices

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The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

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SMM Comments

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Jun 14, 2017 10:02

SMM Insight

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SMM Comments

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Industry

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SMM Comments

SHFE Lead Sees 0.55% Losses (Oct. 15, 2015)

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SMM Comments

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Reminder

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SHFE #1 Lead Price Movement on December 6

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