SHFE #1 Lead Price Movement on February 2-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 2

SMM Insight 01:53:27PM Feb 02, 2012 Source:SMM

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.

Key Words:  SHFE #1 lead   lead prices  

SHFE #1 Lead Price Movement on February 2

SMM Insight 01:53:27PM Feb 02, 2012 Source:SMM

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.

Key Words:  SHFE #1 lead   lead prices