SHFE #1 Lead Price Movement on March 16

SHANGHAI, Mar. 16 (SMM) – On Friday, SHFE lead prices gapped higher. In domestic spot markets, quotations for brands such as Chihong Zn & Ge, Nanfang were at RMB 16,000/mt initially and fell to RMB 15,950/mt later, close to SHFE 1205 lead contract price. Other brands such as Shenqian were quoted at RMB 15,800/mt, and quotation for Dongling was at RMB 15,870/mt. Transactions were limited due to high prices.