Metals News
SHFE #1 Lead Price Movement (2013-1-28)
smm insight
05:29PM
Jan 28,2013
Source:SMM

SHANGHAI, Jan. 28 (SMM) – On January 28, cargo holders in China’s spot lead market held quotations firm, expecting downstream buyers to replenish goods ahead of the holiday. Quotations for Chihong Zn & Ge were at RMB 14,860/mt, with spot discounts of RMB 400/mt over the most active SHFE lead contract price. Transactions were rarely made at high prices. Hanjiang and Shenqian were quoted at RMB 14,760/mt and RMB 14,710/mt, respectively. Downstream buyers still purchased goods as needed.

 

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