SHFE #1 Lead Price Movement on September 4

SHANGHAI, Sept. 4 (SMM) – SHFE lead prices fell soon after opening higher and moved around RMB 15,235/mt on September 4. In China’s spot lead market, Nanfang was mainly quoted at RMB 15,170/mt, with spot discounts over the most active SHFE lead price expanding to RMB 60/mt. Quotations for Chihong Zn & Ge were RMB 15,200/mt, with spot discounts over the most active SHFE lead price at RMB 30/mt. Quotations for Dongling and Hexing were at RMB 15,120-15,130/mt, and Shenqian was quoted at RMB 15,100/mt. Trading was modest due to the weak demand.