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SHFE #1 Lead Price Movement on June 19
Jun 19, 2012 13:39Source:SMM
SHFE lead prices rolled back earlier gains due to the climbing Spanish bond yield and moved around RMB 15,050/mt on Tuesday.
SHANGHAI, Jun. 19 (SMM) – SHFE lead prices rolled back earlier gains due to the climbing Spanish bond yield and moved around RMB 15,050/mt on Tuesday. Spot lead prices in domestic markets were relatively resistant with strong support at RMB 15,000/mt. Well-known brands such as Nanfang were mainly quoted at RMB 15,120/mt, with premiums of RMB 50/mt against the most active SHFE lead price. Hanjiang was quoted at RMB 15,070/mt, while quotations for Shenqian and brands from Gejiu region were between RMB 15,040-15,050/mt. Smelters mainly fulfilled long-term contracts, and downstream enterprises still purchased as needed to avoid risks, leaving transactions muted.
SHFE lead
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