SHFE #1 Lead Price Movement on May 2-Shanghai Metals Market

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SHFE #1 Lead Price Movement on May 2

SMM Insight 01:36:55PM May 02, 2012 Source:SMM

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.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on May 2

SMM Insight 01:36:55PM May 02, 2012 Source:SMM

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.

Key Words:  lead price   spot lead