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Home / Metal News / SHFE #1 Lead Price Movement on December 28

SHFE #1 Lead Price Movement on December 28

Dec 28, 2011 16:03

Source:SMM

SHFE lead prices fell after a surge on Wednesday.

SHANGHAI, Dec. 28 (SMM) – SHFE lead prices fell after a surge on Wednesday. In domestic spot markets, with the arrival of the New Year’s holiday, transactions were modest and downstream buyers were not actively building stocks. Quotations for well-known brands such as Nanfang, Chihong Zn & Ge and Chengyuan were around RMB 15,250/mt, but traded prices were mostly around RMB 15,200/mt. Prices of other brands from Yunnan Province were between RMB 15,150-15,170/mt.

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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SHFE #1 Lead Price Movement on December 28

SMM Events & Webinars

SMM LME Metals Seminar 2025

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