SHFE #1 Lead Price Movement on March 9

SHANGHAI, Mar. 9 (SMM) – On Friday, SHFE lead prices fluctuated up after opening. In China’s domestic spot markets, quotation for well-known brands such as Chihong Zn & Ge, Nanfang were around RMB 15,850/mt, with discounts over the most active SHFE lead contract price at RMB 50/mt. Yubei lead was quoted between RMB 15,780-15,830/mt, and quotations for Shenqian were at RMB 15,700/mt. With lead prices stabilizing, smelters sold goods in limited amounts, and downstream buyers purchased moderately with bullish outlook. Transactions did not change much from previous trading day.