SHFE #1 Lead Price Movement on February 17-Shanghai Metals Market

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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 

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

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