SHFE #1 Lead Price Movement (2013-1-14)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2013-1-14)

SMM Insight 01:20:06PM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – SHFE lead prices opened lower on Monday due to falling LME lead prices last Friday, and spot lead prices in China also edged down. Chihong Zn & Ge was quoted at RMB 14,750-14,760/mt, with spot discounts of RMB 500/mt over the 1303 SHFE lead contract price. Quotations for Dongling, Hanjiang and Mengzi were mainly at RMB 14,660/mt, and those for Shenqian were RMB 14,630-14,640/mt. Downstream buyers did not actively replenish goods, while selling interest among cargo holders was still strong. Trading was muted on the whole.

 

Price

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#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Standard-Grade Copper
Oct.18
46730.0
40.0
(0.09%)
High-Grade Copper
Oct.18
46750.0
45.0
(0.10%)
Guixi copper
Oct.18
46750.0
40.0
(0.09%)
Low-quality copper
Oct.18
46700.0
45.0
(0.10%)

SHFE #1 Lead Price Movement (2013-1-14)

SMM Insight 01:20:06PM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – SHFE lead prices opened lower on Monday due to falling LME lead prices last Friday, and spot lead prices in China also edged down. Chihong Zn & Ge was quoted at RMB 14,750-14,760/mt, with spot discounts of RMB 500/mt over the 1303 SHFE lead contract price. Quotations for Dongling, Hanjiang and Mengzi were mainly at RMB 14,660/mt, and those for Shenqian were RMB 14,630-14,640/mt. Downstream buyers did not actively replenish goods, while selling interest among cargo holders was still strong. Trading was muted on the whole.