SHFE #1 Lead Price Movement on June 12

SHANGHAI, Jun. 12 (SMM) – On Tuesday, quotations for branded lead including Nanfang in China’s spot lead market were at RMB 15,100/mt, with spot premiums of RMB 30/mt against the most active SHFE lead contract price. Shuikoushan was quoted at RMB 15,070/mt and brands from Gejiu region were quoted at RMB 15,040/mt. Offers of Shenqian was at RMB 14,960/mt. Dealers were willing to sell goods on bearish outlook, but buying interest downstream remained low, leaving transactions muted.