SHFE #1 Lead Price Movement (2013-1-17)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2013-1-17)

SMM Insight 02:10:19PM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE lead prices continued to fall Thursday, but cargo holders in China’s spot lead market remained firm. Chihong Zn & Ge was quoted at around RMB 14,740/mt, with spot discounts of RMB 360/mt over the 1303 SHFE lead contract price. Quotations for Dongling and Hanjiang were mainly at RMB 14,650/mt, while those for Shenqian were lower at RMB 14,630/mt. Some downstream buyers became more willing to purchase, believing room for decline in lead prices will be limited.
 

SHFE #1 Lead Price Movement (2013-1-17)

SMM Insight 02:10:19PM Jan 17, 2013 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE lead prices continued to fall Thursday, but cargo holders in China’s spot lead market remained firm. Chihong Zn & Ge was quoted at around RMB 14,740/mt, with spot discounts of RMB 360/mt over the 1303 SHFE lead contract price. Quotations for Dongling and Hanjiang were mainly at RMB 14,650/mt, while those for Shenqian were lower at RMB 14,630/mt. Some downstream buyers became more willing to purchase, believing room for decline in lead prices will be limited.