Metals News
SHFE #1 Lead Price Movement on July 30
smm insight
Jul 30,2012

SHANGHAI, Jul. 30 (SMM) – SHFE lead prices continued to rise on July 30. In China’s spot lead market, Nanfang, and Chengyuan were quoted between RMB 15,140-15,150/mt, with spot premiums over the most active SHFE lead price narrowing to RMB 70-80/mt. Quotations for Hanjiang were around RMB 15,100/mt, while Shenqian and Mengzi were quoted between RMB 15,050-15,070/mt, respectively. Downstream buyers waited on the sidelines due to the sharp increase in prices, leaving trading quiet.

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