SHFE #1 Lead Price Movement on January 5-Shanghai Metals Market

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SHFE #1 Lead Price Movement on January 5

SMM Insight 01:46:15PM Jan 05, 2012 Source:SMM

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.
 

Key Words:  SHFE #1 lead   lead prices 

SHFE #1 Lead Price Movement on January 5

SMM Insight 01:46:15PM Jan 05, 2012 Source:SMM

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.
 

Key Words:  SHFE #1 lead   lead prices