On Monday, SHFE lead prices were still weighed on, but investors in China spot lead market were optimistic to lead demand due to the price increase for motive lead-acid batteries. 

SMM Aluminum Price Forecast (2013-1-7)

<p>SHANGHAI, Jan. 7 (SMM) &ndash; On Monday, SHFE lead prices were still weighed on, but investors in China spot lead market were optimistic to lead demand due to the price increase for motive lead-acid batteries. Thus, quotations for spot lead were firm. Chihong Zn &amp; Ge was quoted at RMB 14,780/mt, with spot discounts of RMB 420/mt over the most active SHFE lead contract price. Quotations for Chengyuan and Nanfang were RMB 14,750-14,760/mt. Offers for Dongling and Mengzi were mainly at RMB 14,700/mt while those for Shenqian and brands from Gejiu region remained low at RMB 14,660/mt. Transactions improved from last Friday.</p>