SHFE #1 Lead Price Movement on February 22

SMM Insight 01:45:21PM Feb 22, 2012 Source:SMM

SHANGHAI, Feb. 22 (SMM) – On Wednesday, SHFE lead price rose up after opening at RMB 15,900/mt. In China’s domestic spot markets, initial quotations for well-known brands such as Chihong Zn & Ge, Yuguang were RMB 15,800/mt, but transactions were rarely seen and quotations later fell to RMB 15,780/mt along with SHFE lead prices. Other brands such as Yubei and Shuikoushan were quoted at RMB 15,740-15,770/mt, with discounts against the most active SHFE lead contract price at RMB 40-100/mt. Quotations for lead from Gejiu were between RMB 15,730-15,750/mt with few deals done. As lead prices tended to stabilize, smelters were cautiously selling goods with bullish outlook. Purchases by downstream buyers were sparse, and transactions were modest in general.

Key Words:  SHFE lead   spot lead   lead price 

SHFE #1 Lead Price Movement on February 22

SMM Insight 01:45:21PM Feb 22, 2012 Source:SMM

SHANGHAI, Feb. 22 (SMM) – On Wednesday, SHFE lead price rose up after opening at RMB 15,900/mt. In China’s domestic spot markets, initial quotations for well-known brands such as Chihong Zn & Ge, Yuguang were RMB 15,800/mt, but transactions were rarely seen and quotations later fell to RMB 15,780/mt along with SHFE lead prices. Other brands such as Yubei and Shuikoushan were quoted at RMB 15,740-15,770/mt, with discounts against the most active SHFE lead contract price at RMB 40-100/mt. Quotations for lead from Gejiu were between RMB 15,730-15,750/mt with few deals done. As lead prices tended to stabilize, smelters were cautiously selling goods with bullish outlook. Purchases by downstream buyers were sparse, and transactions were modest in general.

Key Words:  SHFE lead   spot lead   lead price