SHFE #1 Lead Price Movement on June 21-Shanghai Metals Market

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SHFE #1 Lead Price Movement on June 21

SMM Insight 02:40:07PM Jun 21, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead price   spot lead 

SHFE #1 Lead Price Movement on June 21

SMM Insight 02:40:07PM Jun 21, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead price   spot lead