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SHFE #1 Lead Price Movement on March 19
Mar 19, 2012 13:37Source:SMM
On Monday, SHFE lead prices moved weakly after gapping lower.
SHANGHAI, Mar. 19 (SMM) – On Monday, SHFE lead prices moved weakly after gapping lower. In domestic spot markets, quotations for brands such as Chihong Zn & Ge were at RMB 15,900/mt. Other brands such as Hanjiang, Dongling and Yubei were quoted between RMB 15,810-15,840/mt. Spot prices were relatively firm, resulting in plenty of arbitrage opportunities. Limited transactions were made due to high prices.
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