SHANGHAI, Sept. 10 (SMM) – On Monday, SHFE lead prices gapped higher by nearly RMB 400/mt due to the surge of LME lead prices overnight, but spot lead prices in China’s domestic markets showed limited increase due to weak demand and low buying interest downstream. Nanfang and Chihong Zn & Ge were mainly quoted at RMB 15,540-15,560/mt, with spot discounts over the most active SHFE lead price spiking to RMB 300/mt. Quotations for Hanjiang, and Mengzi were RMB 15,510-15,530/mt, and Shuangyan was quoted at RMB 15,500/mt. Trading was quiet with strong wait-and-see sentiment.
