SHANGHAI, Oct. 10 (SMM) – SHFE lead prices opened RMB 100/mt lower and moved around RMB 15,860/mt on October 10, and spot lead prices in China’s spot lead market extended their declines. Cargo holders were forced to lower prices due to weak demand. Well-known brands, including Chihong Zn & Ge and Nanfang, were mainly quoted at RMB 15,610-15,620/mt, with spot discounts over the most active SHFE lead contract price at RMB 250/mt. Shenqian was quoted at RMB 15,560/mt, while quotations for other brands were rarely reported. Some downstream enterprises purchased at lows, leaving trading improved from Tuesday.
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