Metals News
SHFE #1 Lead Price Movement on September 17
smm insight
13:25PM
Source:SMM

SHANGHAI, Sept. 17 (SMM) – On Monday, SHFE 1211 lead contract become the most traded one and went down due to the declines in A-share. Spot lead prices in China’s domestic markets edged down from the previous trading day. Jinsha was traded at RMB 15,830-15,840/mt, with spot discounts of RMB 330-340/mt.over the most active SHFE lead price. Prices for Hanjiang were around RMB 15,800/mt, while Dongling was traded between RMB 15,740-15,760/mt. Smelters were aggressively moving goods, but downstream buyers were unwilling to purchase fearing prices may fall further. Spot discounts over the SHFE current month lead contract price remained large with SHFE lead prices climbing rapidly recently while spot lead prices showed limited increase due to weak consumption downstream.

 

spot lead prices
SHFE lead prices
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