Metals News
SHFE #1 Lead Price Movement on July 11
smm insight
Jul 11,2012

SHANGHAI, Jul. 11 (SMM) – On Wednesday, the most active SHFE lead price opened lower but showed some resilience compared with other base metals. Spot lead prices were still firm. Quotations for Shuikoushan and Nanfang were mainly at RMB 15,030/mt, with spot premiums over the most active SHFE lead price narrowing to RMB 70/mt. Mengzi and Hanjiang were mainly quoted at RMB 14,950/mt. Quotations for Shenqian were around RMB 14,930/mt, while offers for brands from Gejiu region were mainly at RMB 14,890/mt. Smelters reported normal sales and traders still held prices firm. Downstream consumption remained soft.

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