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SHFE #1 Lead Price Movement on January 16
Jan 16,2012 13:26CST
smm insight
Source:SMM
SHFE lead prices moved around the moving averages after opening lower on Monday.

SHANGHAI, Jan. 16 (SMM) – SHFE lead prices moved around the moving averages after opening lower on Monday. In domestic spot markets, quotations for well-known brands such as Nanfang, Chihong Zn & Ge were between RMB 15,360-15,370/mt, close to the most active SHFE lead contract prices. Quotations were rarely reported in the market as downstream traders began their holiday. Transactions were rather quiet.

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