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SHFE #1 Lead Price Movement on April 11
Apr 11,2012 14:04CST
smm insight
Source:SMM
SHFE lead prices gapped lower on Wednesday due to the slump of LME lead prices.

SHANGHAI, Apr. 11 (SMM) – SHFE lead prices gapped lower on Wednesday due to the slump of LME lead prices. In domestic spot markets, lead prices also staged remarkable declines. Quotations for Chihong Zn & Ge and Nanfang were between RMB 15,570-15,580/mt, with premiums of RMB 100/mt over SHFE 1207 lead price. Other brands including Shenqian were quoted around RMB 15,550/mt. Sellers were unwilling to move goods, while downstream buyers purchased in limited amounts with fewer orders.

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