SHFE #1 Lead Price Movement (2013-1-23)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2013-1-23)

SMM Insight 02:03:51PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – On January 23, SHFE lead prices fell after opening higher, and spot prices in China’s spot lead market remained little changed. Quotations for Chihong Zn & Ge were firm at RMB 14,800/mt due to limited supply, with spot discounts of RMB 410/mt over the most active SHFE lead contract price, but transactions were rare given high prices. Prices for Hanjiang were offered at RMB 14,670/mt, and quotation for Shenqian remained unchanged at RMB 14,660/mt. The weakening SHFE lead prices and depressed demand in spot lead market left transactions sparse.
 

SHFE #1 Lead Price Movement (2013-1-23)

SMM Insight 02:03:51PM Jan 23, 2013 Source:SMM

SHANGHAI, Jan. 23 (SMM) – On January 23, SHFE lead prices fell after opening higher, and spot prices in China’s spot lead market remained little changed. Quotations for Chihong Zn & Ge were firm at RMB 14,800/mt due to limited supply, with spot discounts of RMB 410/mt over the most active SHFE lead contract price, but transactions were rare given high prices. Prices for Hanjiang were offered at RMB 14,670/mt, and quotation for Shenqian remained unchanged at RMB 14,660/mt. The weakening SHFE lead prices and depressed demand in spot lead market left transactions sparse.