SHFE #1 Lead Price Movement on July 25

SHANGHAI, Jul. 25 (SMM) – SHFE lead prices rallied after dipping low July 25. In China’s spot lead market, Nanfang and Shuikoushan were quoted between RMB 14,950-14,960/mt, with spot premiums over the most active SHFE lead price expanding from RMB 100 to RMB 160/mt. Quotations for Yubei were at RMB 14,900/mt, with premiums over the SHFE 1209 lead contract price at RMB 90. Shenqian and Mengzi were quoted at RMB 14,930/mt, and Tianma was quoted at RMB 14,850/mt. Lead prices kept falling, leaving most investors bearish to market outlook. Trading was still quiet.