With SHFE lead prices stabilizing, cargo holders were optimistic to spot lead market and were unwilling to move goods at low prices, leaving quotations rare in the market on January 16. 

Nonferrous Metals Industry Unlikely to Win Favor Despite High Voice for Raising Export Rebate Rate

<p>SHANGHAI, Jan. 16 (SMM) &ndash; With SHFE lead prices stabilizing, cargo holders were optimistic to spot lead market and were unwilling to move goods at low prices, leaving quotations rare in the market on January 16. Chihong Zn &amp; Ge was quoted at RMB 14,750-14,760/mt, with spot discounts of RMB 430/mt over the 1303 SHFE lead contract price. Quotations for Dongling and Hanjiang were mainly at RMB 14,660/mt. Downstream buyers mainly made inquiries with transactions limited.<br />
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