SHFE #1 Lead Price Movement on February 8-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 8

SMM Insight 01:44:36PM Feb 08, 2012 Source:SMM

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.

Key Words:  lead prices   SHFE lead   spot lead 

SHFE #1 Lead Price Movement on February 8

SMM Insight 01:44:36PM Feb 08, 2012 Source:SMM

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.

Key Words:  lead prices   SHFE lead   spot lead