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SHFE #1 Lead Price Movement on March 2
Mar 2,2012 13:41CST
smm insight
Source:SMM
On Friday, SHFE lead prices opened down and moved up to RMB 16,150/mt.

SHANGHAI, Mar. 2 (SMM) – On Friday, SHFE lead prices opened down and moved up to RMB 16,150/mt. In China’s domestic spot markets, quotation for Chihong Zn & Ge, Chengyuan and Nanfang were between RMB 15,920-15,950/mt, with discounts against the most active SHFE lead contract price between RMB 200-250/mt. Other brands such as Shenqian from Fujian were quoted between RMB 15,850-15,870/mt. With spot prices falling below RMB 16,000/mt, selling interest among smelters were lower due to eased financial pressure in early month and bullish outlook. However, downstream buyers were still not actively purchasing, leaving transactions quiet.

SHFE lead
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spot lead

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