SHFE #1 Lead Price Movement on February 16-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 16

SMM Insight 01:48:59PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb 16 (SMM) – On Thursday, SHFE 1204 lead price opened lower and then moved between RMB 15,600-15,700/mt. In China’s domestic spot markets, quotations for well-known brands Chihong Zn & Ge were around RMB 15,600/mt, while Chengyuan and Nanfang were quoted between RMB 15,560-15,580/mt, with discounts against the most active SHFE lead contract price narrowing to RMB 50-80/mt. Quotations for other brands were mainly at RMB 15,560/mt. Lead prices decreased and most downstream buyers held a wait-and-see attitude, leaving transactions modest.
 

Key Words:  SHFE lead   lead price   spot lead 

Price

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1# Zinc
Apr.22
21890.0
70.0
(0.32%)
0# Zinc
Apr.22
21960.0
70.0
(0.32%)
T/C for domestic zinc concentrate
Apr.01
6350.0
200.0
(3.25%)
T/C for imported zinc concentrate
Apr.01
240.0
5.0
(2.13%)
Zinc Alloy (Zamak3/ZX01)
Apr.19
22790.0
-40.0
(-0.18%)

SHFE #1 Lead Price Movement on February 16

SMM Insight 01:48:59PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb 16 (SMM) – On Thursday, SHFE 1204 lead price opened lower and then moved between RMB 15,600-15,700/mt. In China’s domestic spot markets, quotations for well-known brands Chihong Zn & Ge were around RMB 15,600/mt, while Chengyuan and Nanfang were quoted between RMB 15,560-15,580/mt, with discounts against the most active SHFE lead contract price narrowing to RMB 50-80/mt. Quotations for other brands were mainly at RMB 15,560/mt. Lead prices decreased and most downstream buyers held a wait-and-see attitude, leaving transactions modest.
 

Key Words:  SHFE lead   lead price   spot lead