SHFE #1 Lead Price Movement on May 17-Shanghai Metals Market

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SHFE #1 Lead Price Movement on May 17

SMM Insight 01:17:47PM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – On Thursday, quotations for well-known brands including Chihong Zn & Ge, Nanfang moved down to between RMB 15,280-15,300/mt, with premiums of RMB 0-10/mt over the most active SHFE lead contract price. Tongguan and Shuangyan were quoted between RMB 15,240-15,250/mt. Offers for lead from Gejiu region were rarely reported. Dealers were cautious moving goods as lead prices were lower than their floor prices and since market expected prices to rebound. Trading was still modest.

Key Words:  spot lead   lead price 

SHFE #1 Lead Price Movement on May 17

SMM Insight 01:17:47PM May 17, 2012 Source:SMM

SHANGHAI, May 17 (SMM) – On Thursday, quotations for well-known brands including Chihong Zn & Ge, Nanfang moved down to between RMB 15,280-15,300/mt, with premiums of RMB 0-10/mt over the most active SHFE lead contract price. Tongguan and Shuangyan were quoted between RMB 15,240-15,250/mt. Offers for lead from Gejiu region were rarely reported. Dealers were cautious moving goods as lead prices were lower than their floor prices and since market expected prices to rebound. Trading was still modest.

Key Words:  spot lead   lead price