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SHFE #1 Lead Price Movement on August 20

iconAug 20, 2012 15:59
Source:SMM
In China’s spot lead market, most investors were bearish to market outlook and downstream buyers remained cautious to avoid risks.

SHANGHAI, Aug. 20 (SMM) – SHFE lead prices fluctuated down after opening higher on Monday. In China’s spot lead market, most investors were bearish to market outlook and downstream buyers remained cautious to avoid risks. Nanfang, Chihong Zn & Ge and Shuikoushan were quoted at RMB 14,970-15,000/mt, with spot premiums over the most active SHFE lead price at RMB 160/mt. Quotations for well-known brands were lowered later due to poor sales. Offers for Mengzi, Dongling and Shenqian were at RMB 14,910-14,920/mt.
 

China's spot lead
SHFE lead prices

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