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SHFE #1 Lead Price Movement (2012-10-23)
Oct 23,2012 13:42CST
smm insight
Source:SMM
SHFE lead prices gapped lower again on October 23, and spot lead prices in China kept falling.

SHANGHAI, Oct. 23 (SMM) – SHFE lead prices gapped lower again on October 23, and spot lead prices in China kept falling. Well-known brands, including Chihong Zn & Ge, were quoted at RMB 15,300-15,320/mt, with spot discounts over the SHFE 1212 lead contract price at RMB 110/mt. Mengzi and Hanjiang were offered at RMB 15,270/mt. Quotations for Tongguan were at RMB 15,230-15,240/mt, and those for Dongling and Shenqian were RMB 15,200-15,220/mt. Smelters lowered prices noticeably for sales due to month end financial pressures, but most downstream buyers only purchased as needed, believing prices will fall further.

 

spot lead prices
lead prices in China

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