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SHFE #1 Lead Price Movement on August 29

iconAug 29, 2012 15:30
Source:SMM
In China’s domestic spot markets, Nanfang and Chihong Zn & Ge were mainly traded at RMB 15,150-15,160/mt on August 28.

SHANGHAI, Aug. 29 (SMM) – SHFE lead prices stabilized on August 28. In China’s domestic spot markets, Nanfang and Chihong Zn & Ge were mainly traded at RMB 15,150-15,160/mt, with spot discounts over the most active SHFE lead price at RMB 10-20/mt. Quotations for Mengzi were at RMB 15,100/mt, and for Shenqian at RMB 15,070/mt. Smelters were more willing to sell goods due to the financial pressures at month’s end, limiting increase in lead prices, while downstream purchases were modest. 
 

spot lead prices
lead prices in China

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