SHFE #1 Lead Price Movement on June 21

SHANGHAI, Jun. 21 (SMM) – SHFE lead prices moved below RMB 15,000/mt after gapping lower on Thursday. Spot lead prices in China’s domestic markets, quotations for Nanfang were RMB 15,050-15,060/mt, with premiums of RMB 100/mt against the most active SHFE lead price. Hanjiang was quoted at RMB 15,000/mt. Only some brands from Gejiu region were quoted at below RMB 15,000/mt at RMB 14,970/mt. Dealers maintained normal sales, while downstream enterprises purchased in limited amounts at lower prices fearing prices will fall further after the holiday.