SHFE #1 Lead Price Movement on June 11-Shanghai Metals Market

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SHFE #1 Lead Price Movement on June 11

SMM Insight 03:05:07PM Jun 11, 2012 Source:SMM

SHANGHAI, Jun. 11 (SMM) – On Monday, SHFE lead fluctuated down after opening higher. In China’s spot lead market, offers for Nanfang were at RMB 15,130/mt, with spot premiums of RMB 50/mt against SHFE lead for August delivery. Quotation from Mengzi and Shenqian were between RMB 15,010/mt and RMB 15,110/mt, respectively. Dealers were moving goods normally, but buying interest downstream was still low with concerns over China’s economic slowdown and Greek election, leaving transactions limited.

Key Words:  China's spot lead   lead price 

SHFE #1 Lead Price Movement on June 11

SMM Insight 03:05:07PM Jun 11, 2012 Source:SMM

SHANGHAI, Jun. 11 (SMM) – On Monday, SHFE lead fluctuated down after opening higher. In China’s spot lead market, offers for Nanfang were at RMB 15,130/mt, with spot premiums of RMB 50/mt against SHFE lead for August delivery. Quotation from Mengzi and Shenqian were between RMB 15,010/mt and RMB 15,110/mt, respectively. Dealers were moving goods normally, but buying interest downstream was still low with concerns over China’s economic slowdown and Greek election, leaving transactions limited.

Key Words:  China's spot lead   lead price