SHFE #1 Lead Price Movement on January 20-Shanghai Metals Market

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SHFE #1 Lead Price Movement on January 20

SMM Insight 01:23:13PM Jan 20, 2012 Source:SMM

SHANGHAI, Jan. 20 (SMM) – On Friday, influenced by positive US economic data and eased concerns over European debt crisis, SHFE lead prices fluctuated up after opening. In domestic spot markets, quotations for domestic spot lead were rarely seen. Only brands such as Nanfang, Chihong Zn&Ge, Chengyuan and Shuikoushan were quoted at around RMB 16,000/mt, with discounts over the most active SHFE lead contract prices at RMB 10/mt. Deals were hardly reported on the last trading day ahead of the Chinese New Year holiday.

Key Words:  SHFE #1 lead   lead prices 

SHFE #1 Lead Price Movement on January 20

SMM Insight 01:23:13PM Jan 20, 2012 Source:SMM

SHANGHAI, Jan. 20 (SMM) – On Friday, influenced by positive US economic data and eased concerns over European debt crisis, SHFE lead prices fluctuated up after opening. In domestic spot markets, quotations for domestic spot lead were rarely seen. Only brands such as Nanfang, Chihong Zn&Ge, Chengyuan and Shuikoushan were quoted at around RMB 16,000/mt, with discounts over the most active SHFE lead contract prices at RMB 10/mt. Deals were hardly reported on the last trading day ahead of the Chinese New Year holiday.

Key Words:  SHFE #1 lead   lead prices