SHFE #1 Lead Price Movement on May 29-Shanghai Metals Market

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SHFE #1 Lead Price Movement on May 29

SMM Insight 01:36:34PM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – On Tuesday, lead prices in China’s domestic spot market remained stable compared with the previous trading day, quotations for Chihong Zn & Ge and Shuikoushan were at RMB 15,280/mt, with premiums of RMB 30/mt over the most active SHFE lead contract price. Hanjiang was quoted around RMB 15,210/mt, and Shenqian was quoted at RMB 15,160/mt. Most investors expected prices should increase. Transactions were modest in the market with both supply and demand weak.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on May 29

SMM Insight 01:36:34PM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – On Tuesday, lead prices in China’s domestic spot market remained stable compared with the previous trading day, quotations for Chihong Zn & Ge and Shuikoushan were at RMB 15,280/mt, with premiums of RMB 30/mt over the most active SHFE lead contract price. Hanjiang was quoted around RMB 15,210/mt, and Shenqian was quoted at RMB 15,160/mt. Most investors expected prices should increase. Transactions were modest in the market with both supply and demand weak.

Key Words:  lead price   spot lead