SHFE #1 Lead Price Movement on June 25

SHANGHAI, Jun. 25 (SMM) – SHFE lead prices moved weakly after opening lower on Monday. In China’s spot markets, spot lead prices fell below RMB 15,000/mt, with Nanfang quoted at RMB 14,980/mt, with premiums of RMB 150/mt against the most active SHFE lead price. Mengzi was quoted at RMB 14,860/mt. Hengchang and Shenqian were quoted at RMB 14,860/mt. Most smelters were not willing to move goods as lead prices fell below their bottom lines. Dealers sold goods at low prices, and buying interest of downstream buyers did not improve with bearish outlook, leaving transactions modest.