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SHFE #1 Lead Price Movement on July 16
Jul 16,2012 13:14CST
smm insight
Source:SMM
Quotations for Nanfang and Shuikoushan were mainly between RMB 15,080-15,090/mt on Monday.

SHANGHAI, Jul. 16 (SMM) – SHFE lead prices extended increase on Monday. Quotations for Nanfang and Shuikoushan were mainly between RMB 15,080-15,090/mt, with spot premiums over the most active SHFE lead price at RMB 130-140/mt. Mengzi was quoted at RMB 15,030/mt and Shenqian was quoted at RMB 15,010/mt. With lead prices rising further, smelters were more willing to move goods but traders and downstream buyers only waited on the sidelines due to the higher prices, leaving trading thin.
 

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