SHFE #1 Lead Price Movement on June 15

SMM Insight 01:29:37PM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) – On Friday, branded lead in China’s spot lead market, including Nanfang, Chengyuan, and Shuikoushan were quoted at RMB 15,150/mt, with spot premiums of RMB 50-70/mt against the most active SHFE lead contract price. Mengzi and Hanjiang were quoted between RMB 15,080-15,100/mt. Offers of Shenqian was at RMB 15,020/mt. Smelters moved goods normally and dealer were interested in selling goods. But downstream buyers remained cautious, leaving transactions muted.

Key Words:  spot lead   lead price 

SHFE #1 Lead Price Movement on June 15

SMM Insight 01:29:37PM Jun 15, 2012 Source:SMM

SHANGHAI, Jun. 15 (SMM) – On Friday, branded lead in China’s spot lead market, including Nanfang, Chengyuan, and Shuikoushan were quoted at RMB 15,150/mt, with spot premiums of RMB 50-70/mt against the most active SHFE lead contract price. Mengzi and Hanjiang were quoted between RMB 15,080-15,100/mt. Offers of Shenqian was at RMB 15,020/mt. Smelters moved goods normally and dealer were interested in selling goods. But downstream buyers remained cautious, leaving transactions muted.

Key Words:  spot lead   lead price