SHFE #1 Lead Price Movement on February 7-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 7

SMM Insight 01:55:49PM Feb 07, 2012 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE lead prices fell after opening lower on Tuesday. In domestic spot markets, domestic well-known brands such as Nanfang and Chihong Zn & Ge were preliminarily quoted at RMB 16,050/mt. Later, spot prices fell to around RMB 16,000/mt influenced by SHFE lead prices, with discounts against SHFE lead prices remaining at RMB 100/mt. Others including lead from Gejiu were quoted at RMB 15,900/mt. Purchases did not improve due to weak demand.

Key Words:  SHFE #1 lead   lead prices 

SHFE #1 Lead Price Movement on February 7

SMM Insight 01:55:49PM Feb 07, 2012 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE lead prices fell after opening lower on Tuesday. In domestic spot markets, domestic well-known brands such as Nanfang and Chihong Zn & Ge were preliminarily quoted at RMB 16,050/mt. Later, spot prices fell to around RMB 16,000/mt influenced by SHFE lead prices, with discounts against SHFE lead prices remaining at RMB 100/mt. Others including lead from Gejiu were quoted at RMB 15,900/mt. Purchases did not improve due to weak demand.

Key Words:  SHFE #1 lead   lead prices