SHFE #1 Lead Price Movement on February 10

SMM Insight 01:15:01PM Feb 10, 2012 Source:SMM

SHANGHAI, Feb 10 (SMM) – On Friday, SHFE lead prices fell after opening higher. Quotations for domestic well-known brands such as Chihong Zn & Ge and Chengyuan were at RMB 15,980/mt, with discounts against the most active SHFE lead contract price at RMB 150-170/mt. Lead from Gejiu were rarely sold. Smelters were actively selling goods but downstream buyers only purchased on an as-needed basis, leaving transactions modest.

Key Words:  lead prices   spot lead 

SHFE #1 Lead Price Movement on February 10

SMM Insight 01:15:01PM Feb 10, 2012 Source:SMM

SHANGHAI, Feb 10 (SMM) – On Friday, SHFE lead prices fell after opening higher. Quotations for domestic well-known brands such as Chihong Zn & Ge and Chengyuan were at RMB 15,980/mt, with discounts against the most active SHFE lead contract price at RMB 150-170/mt. Lead from Gejiu were rarely sold. Smelters were actively selling goods but downstream buyers only purchased on an as-needed basis, leaving transactions modest.

Key Words:  lead prices   spot lead