SHFE #1 Lead Price Movement on June 18

SHANGHAI, Jun. 18 (SMM) – On Monday, branded lead in China’s spot lead market, including Nanfang, were quoted at RMB 15,190/mt, with spot premiums of RMB 50/mt against the most active SHFE lead contract price. Mengzi and Hanjiang were quoted between RMB 15,120-15,140/mt. Offers of Shenqian was at RMB 15,080/mt. The actual traded prices were RMB 20-30/mt lower than quotations due to weak consumption downstream. Smelters moved were reluctant to sell goods with bullish outlook but dealers were moving goods actively. Downstream buyers purchased as needed, leaving transactions quiet.