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SHFE #1 Lead Price Movement (2012-10-30)
Oct 30,2012 13:14CST
smm insight
Source:SMM
SHFE lead prices stopped falling and hovered around RMB 15,150/mt October 30, but spot lead prices in China fell below RMB 15,000/mt.

SHANGHAI, Oct. 30 (SMM) – SHFE lead prices stopped falling and hovered around RMB 15,150/mt October 30, but spot lead prices in China fell below RMB 15,000/mt due to weak trading and higher selling interest at smelters caused by month end financial pressures. Nanfang and Chihong Zn & Ge were mainly traded at RMB 14,960-14,970/mt, with spot discounts over the most active SHFE lead contract price at RMB 170/mt. Dongling and Mengzi were offered at RMB 14,900-14,930/mt. Quotations for Shenqian were lowered to RMB 14,850/mt. Buying interest downstream improved slightly due to lower prices.

 

spot lead prices
lead prices in China

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