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SHFE #1 Lead Price Movement on May 16
May 16,2012 13:52CST
smm insight
Source:SMM
On Wednesday, traders were actively moving goods on bearish outlook despite narrowing profits.

SHANGHAI, May 16 (SMM) – On Wednesday, traders were actively moving goods on bearish outlook despite narrowing profits. Quotations for well-known brands such as Chihong Zn & Ge, Nanfang were mainly between RMB 15,420-15,430/mt, close to the most active SHFE lead contract price. Tongguan was quoted at RMB 15,400/mt. Quotations for lead from Gejiu region were at around RMB 15,280/mt. Enterprises downstream still purchased on a as-needed basis, and trading did not improve.

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