SHANGHAI, Jul. 10 (SMM) – On Tuesday, the most active SHFE lead price opened slightly higher with negative news digested by the market, buoying spot lead prices. Quotations for Chengyuan and Nanfang were between RMB 15,020-15,030/mt, with spot premiums of RMB 100-110/mt over the most active SHFE lead price. Supply from Nanfang fell short in the market, boosting buying interest. Mengzi and Hanjiang were mainly quoted at RMB 14,950/mt. Quotations for Shenqian and brands from Gejiu region were around RMB 14,930/mt. Smelters were less reluctant to move goods and traders continued holding prices firm. Downstream buyers were not willing to buy noting prices were relatively high, leaving limited transactions made.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn