SHFE #1 Lead Price Movement (2012-10-29)

SHANGHAI, Oct. 29 (SMM) – SHFE lead prices continued to fall after opening lower on October 29, and in China’s spot lead market, cargo holders cut prices for sales as the month came to an end. Nanfang and Chihong Zn & Ge were mainly traded at RMB 15,000-15,020/mt, with spot discounts over the most active SHFE lead contract price at RMB 160/mt. Dongling and Mengzi were offered at RMB 14,970-14,980/mt. Quotations for Shenqian were lowered to RMB 14,900/mt. However, trading was light due to low buying interest and pessimistic mood among downstream enterprises.