SHFE #1 Lead Price Movement on June 29-Shanghai Metals Market

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SHFE #1 Lead Price Movement on June 29

SMM Insight 04:24:17PM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE lead prices rallied to RMB 14,605/mt after opening on Friday. Quotations in China’s spot lead markets moved up. Well-known brands including Chengyuan were quoted at RMB 14,650/mt. Dongling was quoted RMB 100/mt higher than SHFE 1209 lead contract price. Offers from Shenqian were between RMB 14,590-14,600/mt. Quotations from Nanfang were rarely reported. Smelters remained reluctant to sell goods, but downstream buying interest improved.

Key Words:  lead price   spot price 

SHFE #1 Lead Price Movement on June 29

SMM Insight 04:24:17PM Jun 29, 2012 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE lead prices rallied to RMB 14,605/mt after opening on Friday. Quotations in China’s spot lead markets moved up. Well-known brands including Chengyuan were quoted at RMB 14,650/mt. Dongling was quoted RMB 100/mt higher than SHFE 1209 lead contract price. Offers from Shenqian were between RMB 14,590-14,600/mt. Quotations from Nanfang were rarely reported. Smelters remained reluctant to sell goods, but downstream buying interest improved.

Key Words:  lead price   spot price