SHFE #1 Lead Price Movement on January 4

SHANGHAI, Jan. 4 (SMM) – SHFE lead prices gapped higher on Wednesday. In domestic spot markets, quotations for well-known brands such as Nanfang and Chihong Zn&Ge were between RMB 15,350-15,360/mt. Quotations for other brands including lead from Gejiu were around RMB 15,280/mt. Purchases increased as downstream buyers were bullish towards market outlook and due to a lack of purchases during the New Year's holiday, but less transactions were done among traders. Trading market improved in general.