SHFE #1 Lead Price Movement (2013-1-29)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2013-1-29)

SMM Insight 01:41:21PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – On January 29, SHFE lead prices moved around RMB 15,250/mt and quotations in China’s spot lead market were held firm. Prices for Chihong Zn & Ge were offered as high as RMB 14,890/mt, but transactions were few, and only a few goods were traded at RMB 14,850-14,860/mt, with spot discounts of RMB 400/mt over the most active SHFE lead contract price. Hanjiang and Mengzi were quoted at RMB 14,770/mt and RMB 14,760/mt, respectively, while quotes for Shenqian were between RMB 14,710-14,720/mt. Downstream buyers still purchased goods according to needs, but cargo holders moved goods actively, leaving trading weak.
 

SHFE #1 Lead Price Movement (2013-1-29)

SMM Insight 01:41:21PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – On January 29, SHFE lead prices moved around RMB 15,250/mt and quotations in China’s spot lead market were held firm. Prices for Chihong Zn & Ge were offered as high as RMB 14,890/mt, but transactions were few, and only a few goods were traded at RMB 14,850-14,860/mt, with spot discounts of RMB 400/mt over the most active SHFE lead contract price. Hanjiang and Mengzi were quoted at RMB 14,770/mt and RMB 14,760/mt, respectively, while quotes for Shenqian were between RMB 14,710-14,720/mt. Downstream buyers still purchased goods according to needs, but cargo holders moved goods actively, leaving trading weak.