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SHFE #1 Lead Price Movement on July 20
Jul 20,2012 13:10
CSTsmm insight
Source:SMM
In China’s spot lead market, Nanfang and Shuikoushan were mainly quoted at RMB 15,120/mt, and Yubei was quoted between RMB 15,100-15,110/mt Friday.
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.
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