SHFE #1 Lead Price Movement on June 28

SMM Insight 01:35:57PM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) – SHFE lead prices rebounded slightly on Thursday and spot lead prices in China’s domestic spot markets held firm. Well-known brands including Nanfang and Chengyuan were quoted between RMB 14,620-14,630/mt, with premiums of RMB 150-160/mt against the most active SHFE lead price. Shenqian was quoted at RMB 14,550/mt. Smelters remained unwilling to move goods, downstream buyers were more willing to buy at lower prices. Transactions improved compared with the previous trading day.

Key Words:  SHFE lead   lead price 

SHFE #1 Lead Price Movement on June 28

SMM Insight 01:35:57PM Jun 28, 2012 Source:SMM

SHANGHAI, Jun. 28 (SMM) – SHFE lead prices rebounded slightly on Thursday and spot lead prices in China’s domestic spot markets held firm. Well-known brands including Nanfang and Chengyuan were quoted between RMB 14,620-14,630/mt, with premiums of RMB 150-160/mt against the most active SHFE lead price. Shenqian was quoted at RMB 14,550/mt. Smelters remained unwilling to move goods, downstream buyers were more willing to buy at lower prices. Transactions improved compared with the previous trading day.

Key Words:  SHFE lead   lead price