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.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn