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SHFE #1 Lead Price Movement on February 8

iconFeb 8, 2012 13:44
Source:SMM
On Wednesday, SHFE lead prices moved weakly at RMB 16,100/mt.

SHANGHAI, Feb 8 (SMM) – On Wednesday, SHFE lead prices moved weakly at RMB 16,100/mt. Prices for domestic well-known brands such as Nanfang and Chengyuan were at RMB 15,950/mt, with discounts against SHFE 1203 lead contract price at RMB 150/mt. Quotations for lead from Gejiu were at RMB 15,800/mt. Smelters only sell goods in limited amounts due to bullish outlook. Meanwhile, downstream demand remained weak as production recovery at enterprises remained slow. Thus, trading market was still quiet.

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SHFE lead
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