SHFE #1 Lead Price Movement on February 1-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 1

SMM Insight 01:34:53PM Feb 01, 2012 Source:SMM

SHANGHAI, Feb. 1 (SMM) – On Wednesday, SHFE lead prices fluctuated after opening down. In domestic spot markets, transactions were modest due to weak demand. Quotations for well-known brands such as Chihong Zn&Ge, Shuikoushan and Chengyuan were between RMB 15,950-16,000/mt, with discounts against the most active SHFE lead contract prices at RMB 60-100/mt. Other brands including lead from Yunnan were quoted at around RMB 15,850/mt.
 

Key Words:  SHFE #1 lead   lead prices  

SHFE #1 Lead Price Movement on February 1

SMM Insight 01:34:53PM Feb 01, 2012 Source:SMM

SHANGHAI, Feb. 1 (SMM) – On Wednesday, SHFE lead prices fluctuated after opening down. In domestic spot markets, transactions were modest due to weak demand. Quotations for well-known brands such as Chihong Zn&Ge, Shuikoushan and Chengyuan were between RMB 15,950-16,000/mt, with discounts against the most active SHFE lead contract prices at RMB 60-100/mt. Other brands including lead from Yunnan were quoted at around RMB 15,850/mt.
 

Key Words:  SHFE #1 lead   lead prices