Metals News
SHFE #1 Lead Price Movement on May 7
smm insight
02:59PM
May 7,2012
Source:SMM

SHANGHAI, May 7 (SMM) – SHFE lead prices opened lower on Monday. In China’s domestic markets, quotations for Chihong Zn & Ge and Chengyuan were mainly at around RMB 15,650/mt, and Tongguan was quoted at RMB 15,620/mt, with discounts against the most active SHFE lead prices narrowing from RMB 100/mt to RMB 50-70/mt. Shuangyan was quoted at RMB 15,550/mt, and offer for Shenqian was around RMB 15,500/mt. Transactions were modest despite improved selling interest among dealers.

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