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SHFE #1 Lead Price Movement on June 13

iconJun 13, 2012 14:02
Source:SMM
On Wednesday, quotations for branded lead in China’s spot lead market, including Nanfang and Shuikoushan, were between RMB 15,100-15,110/mt.

SHANGHAI, Jun. 13 (SMM) – On Wednesday, quotations for branded lead in China’s spot lead market, including Nanfang and Shuikoushan, were between RMB 15,100-15,110/mt, with spot premiums of RMB 100/mt against the most active SHFE lead contract price. Brands from Gejiu region were quoted at RMB 15,000/mt. Offers of Shenqian was at RMB 14,960/mt. Selling interest of smelters was low, and dealers in Shanghai were unwilling to sell goods due to limited supply for branded lead and uncertain market outlook. Buyers purchased cautiously and transactions were weak.

spot lead
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