SHFE #1 Lead Price Movement on May 8-Shanghai Metals Market

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SHFE #1 Lead Price Movement on May 8

SMM Insight 01:50:30PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – SHFE lead prices gapped higher Tuesday. In China’s domestic markets, quotations for well-known brands including Chihong Zn & Ge were at RMB 15,710/mt, with discounts of RMB 60-70/mt against the most active SHFE lead prices, and Tongguan was quoted between RMB 15,650-15,670/mt. Shuangyan was quoted at RMB 15,600/mt, and offers for brands from Gejiu region were around RMB 15,550/mt. Buying interest were down due to the increase in lead prices, leaving transactions muted.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on May 8

SMM Insight 01:50:30PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – SHFE lead prices gapped higher Tuesday. In China’s domestic markets, quotations for well-known brands including Chihong Zn & Ge were at RMB 15,710/mt, with discounts of RMB 60-70/mt against the most active SHFE lead prices, and Tongguan was quoted between RMB 15,650-15,670/mt. Shuangyan was quoted at RMB 15,600/mt, and offers for brands from Gejiu region were around RMB 15,550/mt. Buying interest were down due to the increase in lead prices, leaving transactions muted.

Key Words:  lead price   spot lead