Home / Metal News / Copper / SHFE #1 Lead Price Movement (2012-10-18)
SHFE #1 Lead Price Movement (2012-10-18)
Oct 18,2012 13:58CST
smm insight
Source:SMM
SHFE lead prices were boosted by positive economic data in the US overnight and moved around RMB 15,760/mt on October 18.

SHANGHAI, Oct. 18 (SMM) – SHFE lead prices were boosted by positive economic data in the US overnight and moved around RMB 15,760/mt on October 18. In China’s spot lead market, prices were deprived of momentum to rise due to sluggish demand. Well-known brands including Nanfang and Chihong Zn & Ge were quoted at RMB 15,550/mt, with spot discounts overt the SHFE 1212 lead contract price at RMB 200/mt. Mengzi and Dongling were offered at RMB 15,450-15,470/mt. Quotations for Hanjiang and Shenqian were at RMB 15,430/mt and RMB 15,400/mt. Downstream buyers were still on the sidelines, believing increase in lead prices were limited, while cargo holders moved goods actively. Transactions remained modest.
 

SHFE lead prices
spot lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news