SHFE #1 Lead Price Movement on February 2

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.