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SHFE #1 Lead Price Movement (2012-10-17)
Oct 17,2012 16:58CST
smm insight
Source:SMM
SHFE lead prices continued to fall and traders in China’s spot lead market lowered prices due to weak demand.

SHANGHAI, Oct. 17 (SMM) – SHFE lead prices continued to fall and traders in China’s spot lead market lowered prices due to weak demand. Well-known brands including Nanfang and Chihong Zn & Ge were quoted between RMB 15,500-15,510/mt, with spot discounts overt the SHFE 1212 lead contract price at RMB 150/mt. Other brands, such as Mengzi and Dongling were offered at RMB 15,430-15,440/mt. Quotations for Shenqian were at RMB 15,360/mt. Continuous declines in lead prices prompted some cargo holders to limit sales, while downstream buyers were unwilling to purchase despite lower prices, leaving trading modest.

 

SHFE lead prices
spot lead markets

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