SHFE #1 Lead Price Movement (2012-11-28)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2012-11-28)

SMM Insight 03:59:43PM Nov 28, 2012 Source:SMM

SHANGHAI, Nov. 28 (SMM) – SHFE lead prices hovered around the 5-day moving average Wednesday, and spot lead prices remained weak as cargo holders were forced to lower prices to generate cash flows against the pale demand. Chihong Zn & 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 and Dongling were between RMB 14,770-14,790/mt, while prices for Shenqian were cut to RMB 14,730/mt.

SHFE #1 Lead Price Movement (2012-11-28)

SMM Insight 03:59:43PM Nov 28, 2012 Source:SMM

SHANGHAI, Nov. 28 (SMM) – SHFE lead prices hovered around the 5-day moving average Wednesday, and spot lead prices remained weak as cargo holders were forced to lower prices to generate cash flows against the pale demand. Chihong Zn & 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 and Dongling were between RMB 14,770-14,790/mt, while prices for Shenqian were cut to RMB 14,730/mt.