SHFE #1 Lead Price Movement on February 17

SMM Insight 01:26:57PM Feb 17, 2012 Source:SMM

SHANGHAI, Feb 17 (SMM) – On Friday, SHFE lead price tended to stabilize following the slump on the previous trading day. In China’s domestic spot markets, quotations for well-known brands such as Chihong Zn & Ge, Chengyuan and Shuikoushan were quoted at around RMB 15,600/mt, with discounts against the most active SHFE lead contract price at RMB 50/mt. Quotations for other brands were mainly at RMB 15,530/mt. Although lead prices tended to stop falling ahead of weekend, downstream buyers were still bearish on lead price trends and only purchased cautiously.

Key Words:  SHFE lead   lead price   spot lead 

SHFE #1 Lead Price Movement on February 17

SMM Insight 01:26:57PM Feb 17, 2012 Source:SMM

SHANGHAI, Feb 17 (SMM) – On Friday, SHFE lead price tended to stabilize following the slump on the previous trading day. In China’s domestic spot markets, quotations for well-known brands such as Chihong Zn & Ge, Chengyuan and Shuikoushan were quoted at around RMB 15,600/mt, with discounts against the most active SHFE lead contract price at RMB 50/mt. Quotations for other brands were mainly at RMB 15,530/mt. Although lead prices tended to stop falling ahead of weekend, downstream buyers were still bearish on lead price trends and only purchased cautiously.

Key Words:  SHFE lead   lead price   spot lead