SHFE #1 Lead Price Movement on July 27

SHANGHAI, Jul. 27 (SMM) – SHFE lead prices fluctuated up after opening higher on July 27 boosted by the ECB chairman Draghi’s promise to save the euro. In China, spot lead prices were returned above RMB 15,000/mt. Nanfang, Chengyuan and Shuikoushan were quoted between RMB 15,000-15,020/mt, with spot premiums over the most active SHFE lead price at RMB 100/mt. Quotations for Hanjiang and Mengzi were RMB 14,980/mt and RMB 14,960/mt, respectively. Cargo holders were actively moving goods, and downstream replenishments improved slightly ahead of the weekend.