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Home / Metal News / SHFE #1 Lead Price Movement on July 6

SHFE #1 Lead Price Movement on July 6

Jul 6, 2012 13:15

Source:SMM

On Friday, the most active SHFE lead price fluctuated down and spot prices in China’s domestic markets were relatively firm.

SHANGHAI, Jul. 6 (SMM) – On Friday, the most active SHFE lead price fluctuated down and spot prices in China’s domestic markets were relatively firm. Nanfang was mainly quoted at RMB 14,970/mt, with spot premiums of RMB 110/mt over the most active SHFE lead price. Mengzi and Hanjiang were quoted at RMB 14,920/mt. Quotations for brands from Gejiu region were around RMB 14,900/mt. Smelters were reluctant to move goods, traders held prices firm due to limited supply and bullish mood. Downstream buying interest was low, leaving trading muted.

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