SHFE #1 Lead Price Movement on February 23-Shanghai Metals Market

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SHFE #1 Lead Price Movement on February 23

SMM Insight 02:52:30PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 23 (SMM) – On Thursday, SHFE lead price fluctuated around RMB 15,900/mt. In China’s domestic spot markets, initial quotation for well-known brands such as Chihong Zn & Ge, Yuguang, Nanfang and Shuikoushan were RMB 15,850/mt, with discounts against the most active SHFE lead contract price at RMB 50/mt. Quotations for lead from Gejiu were around RMB 15,750/mt. Downstream buyers were not willing to purchase due to higher prices. At midday, SHFE lead prices moved down slightly, Chihong Zn & Ge, Yuguang were quoted lower at RMB 15,820/mt, but prices were still relatively high, so most downstream buyers stayed out of the market, leaving limited transactions made.

Key Words:  SHFE lead   lead price   spot lead  

Price

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Aluminum Ingot
Apr.22
14130.0
80.0
(0.57%)
Alumina (Averaged)
Apr.22
2675.0
10.0
(0.38%)
Alumina-East
Apr.22
2690.0
10.0
(0.37%)
Alumina -Central
Apr.22
2680.0
10.0
(0.37%)
Alumina - North
Apr.22
2670.0
10.0
(0.38%)

SHFE #1 Lead Price Movement on February 23

SMM Insight 02:52:30PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 23 (SMM) – On Thursday, SHFE lead price fluctuated around RMB 15,900/mt. In China’s domestic spot markets, initial quotation for well-known brands such as Chihong Zn & Ge, Yuguang, Nanfang and Shuikoushan were RMB 15,850/mt, with discounts against the most active SHFE lead contract price at RMB 50/mt. Quotations for lead from Gejiu were around RMB 15,750/mt. Downstream buyers were not willing to purchase due to higher prices. At midday, SHFE lead prices moved down slightly, Chihong Zn & Ge, Yuguang were quoted lower at RMB 15,820/mt, but prices were still relatively high, so most downstream buyers stayed out of the market, leaving limited transactions made.

Key Words:  SHFE lead   lead price   spot lead