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SHFE #1 Lead Price Movement on July 5
Jul 5,2012 14:29CST
smm insight
Source:SMM
On Thursday, SHFE 1210 lead contract fluctuated narrowly after opening.

SHANGHAI, Jul. 5 (SMM) – On Thursday, SHFE 1210 lead contract fluctuated narrowly after opening. In China’s domestic spot markets, goods supplied by Jinsha fell short, with several cargo holders quoting at RMB 15,100/mt. Shuikoushan and Nanfang were mainly quoted between RMB 15,000-15,020/mt, with spot premiums of RMB 20-30/mt over the most active SHFE lead price. Hanjiang was quoted at RMB 14,960/mt. Quotations from Shenqian and Mengzi were RMB 14,920-14,930/mt. Smelters remained unwilling to move goods, while demand downstream was lower as enterprises had purchased to meet production needs during the past few days, leaving transactions quiet.
 

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