SHFE #1 Lead Price Movement on May 30-Shanghai Metals Market

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SHFE #1 Lead Price Movement on May 30

SMM Insight 02:02:01PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, lead prices in China’s domestic spot market fell along with SHFE lead prices. Quotations for Chihong Zn & Ge were initially between RMB 15,250-15,260/mt, with premiums of RMB 100/mt over the most active SHFE lead contract price. Nanfang and Shuikoushan were quoted at RMB 15,200/mt. In the afternoon, offers for branded lead dropped by about RMB 10/mt as SHFE lead prices fell further. Enterprises downstream bought branded lead at lower prices, leaving transactions improved from the previous trading day.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on May 30

SMM Insight 02:02:01PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, lead prices in China’s domestic spot market fell along with SHFE lead prices. Quotations for Chihong Zn & Ge were initially between RMB 15,250-15,260/mt, with premiums of RMB 100/mt over the most active SHFE lead contract price. Nanfang and Shuikoushan were quoted at RMB 15,200/mt. In the afternoon, offers for branded lead dropped by about RMB 10/mt as SHFE lead prices fell further. Enterprises downstream bought branded lead at lower prices, leaving transactions improved from the previous trading day.

Key Words:  lead price   spot lead