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SHFE #1 Lead Price Movement on June 27
Jun 27,2012 13:46CST
smm insight
Source:SMM
In China’s spot markets, well-known brands including Nanfang were quoted between RMB 14,620-14,630/mt.

SHANGHAI, Jun. 27 (SMM) – SHFE lead prices opened lower on Wednesday. In China’s spot markets, well-known brands including Nanfang were quoted between RMB 14,620-14,630/mt, with premiums of RMB 150/mt against the most active SHFE lead price. Yubei was quoted at RMB 14,600/mt. Shenqian and Hengchang was quoted between RMB 14,550-14,560/mt. Smelters were unwilling to move goods, leaving limited supply in the market, while downstream buyers were reluctant to buy due to poor orders.

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