SHFE #1 Lead Price Movement on September 26-Shanghai Metals Market

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SHFE #1 Lead Price Movement on September 26

SMM Insight 03:08:35PM Sep 26, 2012 Source:SMM

SHANGHAI, Sept. 26 (SMM) – SHFE lead prices opened higher on Wednesday due to rising LME lead prices. In China’s spot lead market, well-known brands, including Chihong Zn & Ge and Nanfang, were mainly quoted at RMB 15,800/mt, with spot discounts over the SHFE 1211 lead contract price at RMB 350/mt. Dongling and Mengzi were quoted at RMB 15,720-15,750/mt, while quotations for Shenqian and Baiyin were at RMB 15,650-15,660/mt. Cargo holders were still moving goods actively, but downstream buyers were not interested in replenishing stocks, or planned to purchase directly from smelters, leaving trading unimproved.
 

SHFE #1 Lead Price Movement on September 26

SMM Insight 03:08:35PM Sep 26, 2012 Source:SMM

SHANGHAI, Sept. 26 (SMM) – SHFE lead prices opened higher on Wednesday due to rising LME lead prices. In China’s spot lead market, well-known brands, including Chihong Zn & Ge and Nanfang, were mainly quoted at RMB 15,800/mt, with spot discounts over the SHFE 1211 lead contract price at RMB 350/mt. Dongling and Mengzi were quoted at RMB 15,720-15,750/mt, while quotations for Shenqian and Baiyin were at RMB 15,650-15,660/mt. Cargo holders were still moving goods actively, but downstream buyers were not interested in replenishing stocks, or planned to purchase directly from smelters, leaving trading unimproved.