SHFE #1 Lead Price Movement on February 27

SMM Insight 01:26:36PM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – On Monday, SHFE lead prices opened at RMB 16,150/mt and stabilized at the level. In China’s domestic spot markets, quotation for well-known brands such as Chihong Zn & Ge and Nanfang were between RMB 15,960-15,980/mt, with discounts against the most active SHFE lead contract price at RMB 150/mt. Quotations for other brands such as Baiyin and Shenqian lead from Fujian were at RMB 15,900/mt. Smelters were cautiously moving goods over bullish outlook, while downstream buyers were not willing to buy due to higher prices, leaving transactions muted.

Key Words:  SHFE lead   lead price   spot lead 

SHFE #1 Lead Price Movement on February 27

SMM Insight 01:26:36PM Feb 27, 2012 Source:SMM

SHANGHAI, Feb. 27 (SMM) – On Monday, SHFE lead prices opened at RMB 16,150/mt and stabilized at the level. In China’s domestic spot markets, quotation for well-known brands such as Chihong Zn & Ge and Nanfang were between RMB 15,960-15,980/mt, with discounts against the most active SHFE lead contract price at RMB 150/mt. Quotations for other brands such as Baiyin and Shenqian lead from Fujian were at RMB 15,900/mt. Smelters were cautiously moving goods over bullish outlook, while downstream buyers were not willing to buy due to higher prices, leaving transactions muted.

Key Words:  SHFE lead   lead price   spot lead