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SHFE #1 Lead Price Movement (2012-10-16)
Oct 16,2012 14:21CST
smm insight
Source:SMM
SHFE 1212 lead contract price presented a weak trend on Tuesday, and pessimism prevailed in spot lead market.

SHANGHAI, Oct. 16 (SMM) – SHFE 1212 lead contract price presented a weak trend on Tuesday, and pessimism prevailed in spot lead market. Quotations for Chihong Zn & Ge and Nanfang were firm quoted at RMB 15,540-15,550/mt, with spot discounts over the most active SHFE lead contract price at RMB 150/mt. Dongling and Mengzi were quoted at RMB 15,450-15,460/mt, quotations for other brands including Hanjiang were lowered to RMB 15,370-15,380/mt. Cargo holders were actively moving goods while downstream buyers bought goods moderately at lows.

 

spot lead prices

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