SHFE #1 Lead Price Movement on May 2

SHANGHAI, May 2 (SMM) – On the first trading day following the May Day holiday, SHFE lead prices opened slightly higher due to the rising LME lead prices. In China’s domestic markets, quotations for Chihong Zn & Ge were initially at around RMB 15,850/mt, with discounts at RMB 50/mt against the most active SHFE lead prices. Later, the quotations were lowered to around RMB 15,800/mt due to limited transactions, with discounts against the most active SHFE lead prices expanding to RMB 100/mt. Shuangyan was quoted at RMB 15,750/mt. However, trading remained weak, and buyers mainly made inquiries.