SHFE #1 Lead Price Movement on July 20-Shanghai Metals Market

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SHFE #1 Lead Price Movement on July 20

SMM Insight 01:10:40PM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) – SHFE lead prices remained stable on Friday. In China’s spot market, Nanfang and Shuikoushan were mainly quoted at RMB 15,120/mt, and Yubei was quoted between RMB 15,100-15,110/mt, with spot premiums of RMB 60/mt over the SHFE 1209 lead contract price. Quotations for Shenqian were around RMB 15,070/mt. Smelters and traders reported normal sales but downstream buyers were still sidelined, leaving limited transactions done. Supply decreased again close to midday on account of falling SHFE lead prices.
 

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on July 20

SMM Insight 01:10:40PM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) – SHFE lead prices remained stable on Friday. In China’s spot market, Nanfang and Shuikoushan were mainly quoted at RMB 15,120/mt, and Yubei was quoted between RMB 15,100-15,110/mt, with spot premiums of RMB 60/mt over the SHFE 1209 lead contract price. Quotations for Shenqian were around RMB 15,070/mt. Smelters and traders reported normal sales but downstream buyers were still sidelined, leaving limited transactions done. Supply decreased again close to midday on account of falling SHFE lead prices.
 

Key Words:  lead price   spot lead