SHFE #1 Lead Price Movement on February 13

SMM Insight 01:31:15PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – On Monday, the most active SHFE lead contract price dipped low after opening down, but rebounded later and moved around RMB 16,000/mt. Quotations for domestic well-known brands such as Chihong Zn & Ge, Chengyuan, and Nanfang were at RMB 15,840-15,900/mt, with discounts against the most active SHFE lead contract price at RMB 100-150/mt. Lead from Gejiu were quoted between RMB 15,750-15,800/mt, with spot discounts at RMB 200/mt. Smelters continued to sell goods with inventories built before the holiday, while downstream buyers stayed out of markets due to bearish view on market outlook, leaving transactions quiet.

Key Words:  SHFE lead   spot lead   lead prices 

SHFE #1 Lead Price Movement on February 13

SMM Insight 01:31:15PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – On Monday, the most active SHFE lead contract price dipped low after opening down, but rebounded later and moved around RMB 16,000/mt. Quotations for domestic well-known brands such as Chihong Zn & Ge, Chengyuan, and Nanfang were at RMB 15,840-15,900/mt, with discounts against the most active SHFE lead contract price at RMB 100-150/mt. Lead from Gejiu were quoted between RMB 15,750-15,800/mt, with spot discounts at RMB 200/mt. Smelters continued to sell goods with inventories built before the holiday, while downstream buyers stayed out of markets due to bearish view on market outlook, leaving transactions quiet.

Key Words:  SHFE lead   spot lead   lead prices