Downstream buying interest in China’s spot lead market was further dampened Tuesday. 

SMM Brief on SHFE Aluminum Futures: Prices Erase Gains as Longs Take Profits (2012-11-27)

<p>SHANGHAI, Nov. 27 (SMM) &ndash; SHFE lead prices fluctuated down after opening Tuesday, undermining market confidence. Downstream buying interest in China&rsquo;s spot lead market was further dampened. Chihong Zn &amp; Ge was quoted at RMB 14,850/mt, with spot discounts of RMB 400/mt over the 1301 SHFE lead contract price, and Nanfang was quoted at RMB 14,810/mt. Quotations for Mengzi were RMB 14,780/mt. Transactions were weaker than the previous trading day.<br />
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