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Home / Metal News / SHFE #1 Lead Price Movement on February 2

SHFE #1 Lead Price Movement on February 2

Feb 2, 2012 13:53

Source:SMM

On Thursday, SHFE lead prices continued a weak track.

SHANGHAI, Feb. 2 (SMM) – On Thursday, SHFE lead prices continued a weak track. In domestic spot markets, transactions were still quiet. Smelters sold goods in limited amounts, while downstream enterprises which resumed production mainly consumed inventories built ahead of the holiday, leaving low buying interest. Quotations for well-known brands such as Chihong Zn&Ge, Nanfang and Chengyuan were between RMB 15,920-15,950/mt. Other brands including Hexing were quoted at around RMB 15,750/mt.

SHFE #1 lead

lead prices

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The power rationing in Yunnan, Henan, and Hunan since July-August and the power rationing in Jiangxi and Guangxi in September are undoubtedly the current hot spots. According to a recent SMM survey, the power rationing in Jiangsu, Guangdong and other regions in China has continued. Since late September, the social inventory of lead ingots has declined due to the combined effects of losses, power rationing and environmental protection.

Oct 22, 2021 15:34

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SMM Comments

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Jun 14, 2017 10:02

SMM Insight

China Motive Battery Market Reports Tight Supply, and to Ease in Mid and Late June, SMM Reports

Average Operating Rate at 51 Chinese Battery Makers down to 62.12% in March, SMM Reports

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SHFE Lead Finishes with Gains (2017-1-11)

SHFE 1702 lead started at RMB 18,800/mt and finally ended at RMB 18,780/mt, up RMB 315/mt or 1.71%.

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SMM Comments

SHFE Lead Finishes with Gains (2017-1-11)

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Jan 8, 2016 09:33

Industry

LME lead Set for Gains (2015-12-22)

LME lead will trade higher at USD 1,690-1,725/mt during Asian trading hours Tuesday owing to position opening by longs.

Dec 22, 2015 09:33

SMM Comments

SHFE Lead Sees 0.55% Losses (Oct. 15, 2015)

SHFE 1512 lead followed LME lead up to RMB 13,645/mt after opening Wednesday evening session at RMB 13,580/mt.

Oct 15, 2015 16:24

SMM Comments

Profits at Chihong Zn&Ge Fall 35.07% in H1

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Aug 18, 2015 17:37

Reminder

SMM Lead Market Morning Review (2015-5-18)

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SHFE #1 Lead Price Movement on February 2

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