SHFE #1 Lead Price Movement on March 23

SHANGHAI, Mar. 23 (SMM) – On Friday, SHFE lead prices opened lower due to the falling LME lead prices. In domestic spot markets, quotations for brands such as Yubei and Shuikoushan were around RMB 15,650/mt, and Chihong Zn & Ge was quoted around RMB 15,700/mt with limited goods supply. Traders were cautiously moving goods, expecting lead prices should rise. Downstream buyers were also cautious and mainly purchased on an as-needed basis with uncertainty on market outlook.