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Home / Metal News / SHFE #1 Lead Price Movement on July 24

SHFE #1 Lead Price Movement on July 24

Jul 24, 2012 17:18

SHFE lead prices gapped lower and inched up July 24 influenced by positive HSBC China PMI for July.

SHANGHAI, Jul. 24 (SMM) – SHFE lead prices opened slightly lower and inched up July 24 influenced by positive HSBC China PMI for July. In China’s spot lead market, trading remained thin and offers fell below RMB 15,000/mt. Nanfang and Shuikoushan were quoted between RMB 14,970-14,980/mt, with spot premiums of RMB 100/mt over the most active SHFE lead price. Quotations for Tianma were at RMB 14,930/mt. Chihong Zn & Ge started selling goods July 24 with quotations relatively firm at RMB 15,150/mt. Cargo holders were unwilling to move goods.

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