SHFE #1 Lead Price Movement on February 9

SMM Insight 01:28:30PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb 9 (SMM) – On Thursday, SHFE lead prices followed a downward trend after opening lower on Thursday. Prices for domestic well-known brands such as Chihong Zn & Ge and Chengyuan were at RMB 15,980-16,000/mt, with discounts against the most active SHFE lead contract price at RMB 150/mt. Quotations for lead from Gejiu were rarely reported. As SHFE lead prices fell at around 11:15 a.m., wait-and-see sentiment dominated spot markets with fewer transactions made compared with the previous trading day.

Key Words:  SHFE lead   spot lead   lead prices 

SHFE #1 Lead Price Movement on February 9

SMM Insight 01:28:30PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb 9 (SMM) – On Thursday, SHFE lead prices followed a downward trend after opening lower on Thursday. Prices for domestic well-known brands such as Chihong Zn & Ge and Chengyuan were at RMB 15,980-16,000/mt, with discounts against the most active SHFE lead contract price at RMB 150/mt. Quotations for lead from Gejiu were rarely reported. As SHFE lead prices fell at around 11:15 a.m., wait-and-see sentiment dominated spot markets with fewer transactions made compared with the previous trading day.

Key Words:  SHFE lead   spot lead   lead prices