SHANGHAI, Mar. 30 (SMM) – On Thursday, the most active SHFE lead prices moved around RMB 15,450/mt in the morning and fell in the afternoon along with domestic stocks. SHFE lead prices finally closed the day down RMB 175/mt to RMB 15,385/mt. Trading volumes decreased by 36 lots to 496 lots and positions were up 120 lots to 2,400 lots.
Domestic spot prices kept falling. Well-known brands such as Chihong Zn & Ge and Yubei were quoted between RMB 15,640-15,650/mt, and quotations for Dongling and Hanjiang were mainly around RMB 15,620/mt. In the afternoon, quotations for well-known brands remained unchanged at RMB 15,650/mt despite the decline of SHEF lead prices, but brands such as Hanjiang were only quoted at RMB 15,570/mt. Trading was still light. Downstream enterprises were seeking for goods at lower prices as lead prices fell, but traders and smelters were not willing to move goods, leaving transactions quiet.