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

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SHFE #1 Lead Price Movement on June 8

SMM Insight 01:18:36PM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) – On Friday, SHFE lead for September delivery fell after opening. In China’s spot lead market, smelters were not willing to move goods due to the low prices close to cost lines. Nanfang and Shuikoushan were quoted between RMB 15,100-15,120/mt, with spot premiums of RMB 100/mt against SHFE lead prices. Quotation from Mengzi and Shenqian were between RMB 15,050-15,080/mt, with premiums of RMB 50/mt against SHFE lead prices. Enterprises downstream were only willing to purchase at lower prices due to the remaining concerns over the European debt issues, leaving transactions sparse.

Key Words:  China' spot lead   lead price 

SHFE #1 Lead Price Movement on June 8

SMM Insight 01:18:36PM Jun 08, 2012 Source:SMM

SHANGHAI, Jun. 8 (SMM) – On Friday, SHFE lead for September delivery fell after opening. In China’s spot lead market, smelters were not willing to move goods due to the low prices close to cost lines. Nanfang and Shuikoushan were quoted between RMB 15,100-15,120/mt, with spot premiums of RMB 100/mt against SHFE lead prices. Quotation from Mengzi and Shenqian were between RMB 15,050-15,080/mt, with premiums of RMB 50/mt against SHFE lead prices. Enterprises downstream were only willing to purchase at lower prices due to the remaining concerns over the European debt issues, leaving transactions sparse.

Key Words:  China' spot lead   lead price