SHFE #1 Lead Price Movement on July 4

SHANGHAI, Jul. 4 (SMM) – On Wednesday, SHFE 1210 lead contract, the most traded one, moved weakly after opening higher. Quotations in China’s spot lead markets were relatively resilient. Shuikoushan and Hanjiang were mainly quoted at RMB 15,000/mt, with spot premiums of RMB 40-50/mt over the most active SHFE lead price. Shenqian was quoted at RMB 14,930/mt. Later, SHFE lead prices fell RMB 70/mt. Cargo holders held prices firm with limited supply in the market, while downstream enterprises purchased as needed, leaving transactions modest.