SHFE #1 Lead Price Movement on July 16-Shanghai Metals Market

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SHFE #1 Lead Price Movement on July 16

SMM Insight 01:14:21PM Jul 16, 2012 Source:SMM

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.
 

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on July 16

SMM Insight 01:14:21PM Jul 16, 2012 Source:SMM

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.
 

Key Words:  lead price   spot lead