SHFE #1 Lead Price Movement on July 13

SHANGHAI, Jul. 13 (SMM) – SHFE lead prices opened at RMB 14,930/mt Friday and rallied after dipping low, while spot lead prices moved up, with lead prices returning to the RMB 15,000/mt line in general. Quotations for Chengyuan and Shuikoushan were mainly between RMB 15,040-15,050/mt, with spot premiums over the most active SHFE lead price at RMB 130-140/mt. Nanfang was quoted at around RMB 15,030/mt and Hanjiang was quoted at RMB 15,000/mt. Offers for brands from Gejiu region were rarely reported. Supply from smelters increased slightly and traders in short of goods were actively looking for suppliers. Downstream buying interest improved, leaving transactions better than the previous trading day.