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SHFE #1 Lead Price Movement on September 14
Sep 14,2012 16:04CST
smm insight
Source:SMM
On Friday, SHFE lead prices gapped RMB 400/mt higher due to the launch of QE3, and spot lead prices in China’s domestic markets staged sharp increase.

SHANGHAI, Sept. 14 (SMM) – On Friday, SHFE lead prices gapped higher due to the launch of QE3, and spot lead prices in China’s domestic markets staged sharp increase. Chihong Zn & Ge was mainly quoted above RMB 15,900/mt, with spot discounts over the most active SHFE lead price at RMB 400/mt. Quotations for Mengzi were at RMB 15,800/mt and offers for Dongling and Shenqian were RMB 15,760-15,770/mt. Downstream buyers mainly waited on the sidelines and made inquiries due to the rapid growth in lead prices, leaving transactions sparse.

 

spot lead prices
lead prices in China

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