Metals News
SHFE #1 Lead Price Movement on July 6
smm insight

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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