SHFE #1 Lead Price Movement on July 6-Shanghai Metals Market

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SHFE #1 Lead Price Movement on July 6

SMM Insight 01:15:00PM Jul 06, 2012 Source:SMM

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.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on July 6

SMM Insight 01:15:00PM Jul 06, 2012 Source:SMM

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.

Key Words:  lead price   spot lead