SHFE #1 Lead Price Movement (2012-12-26)

SHANGHAI, Dec. 26 (SMM) – On December 26, SHFE lead prices moved around RMB 15,250/mt. In China’s spot lead market, as Anhui and Hubei were blanketed with snows, lead ingots available to the market declined on concerns over blocked transportation. Quotations for Chihong Zn & Ge were at RMB 14,800/mt, with spot discounts of RMB 450/mt over the most active SHFE lead contract price. Nanfang was quoted at RMB 14,750/mt. Offers for other brands were rarely heard. Most investors were on the sidelines. Trading remained limited as downstream buyers purchased as needed due to year-end financial pressures.