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SHFE #1 Lead Price Movement on January 5
Jan 5,2012 13:46CST
smm insight
Source:SMM
SHFE lead prices fluctuated widely on Thursday.

SHANGHAI, Jan. 5 (SMM) – SHFE lead prices fluctuated widely on Thursday. According to traders, selling interest improved due to scope for arbitrage, but supply was relatively tight. Downstream buying interest remained high after the New Year’s holiday. In domestic spot markets, quotations for well-known brands such as Nanfang and Chihong Zn&Ge were between RMB 15,300-15,340/mt. Quotations for other brands including Hexing and Tianma were at RMB 15,270-15,280/mt. Transactions improved in general.
 

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