SHFE #1 Lead Price Movement on December 14

SHANGHAI, Dec. 14 (SMM) – SHFE lead prices fluctuated at low level after gapping lower on Wednesday. Quotations for domestic well-known brands such as Nanfang, Chihong Zn & Ge were between RMB 15,380-15,400/mt, with premiums against the most active SHFE lead contract prices of RMB 30/mt. Other brands such as Hexing were quoted at RMB 15,360/mt. Downstream buyers were actively buying goods due to lower prices, and some traders were also willing to purchase for stock, but smelters were not selling goods in large amount. Market was more active on the whole.