SHFE #1 Lead Price Movement (2013-1-30)-Shanghai Metals Market

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SHFE #1 Lead Price Movement (2013-1-30)

SMM Insight 03:09:50PM Jan 30, 2013 Source:SMM

SHANGHAI, Jan. 30 (SMM) – On January 30, spot lead prices in China increased as SHFE lead prices opening higher. Prices for Chihong Zn & Ge were offered as high as RMB 14,900-14,950/mt, but downstream buying interest remained low with enterprises closing for holiday, leaving trading quiet. Traded prices of Chihong Zn & Ge and Nanfang were around RMB 14,900/mt, with spot discounts of RMB 440/mt over the most active SHFE lead contract price. Hanjiang and Mengzi were quoted at RMB 14,800-14,810/mt and quotations for Shenqian were raised to RMB 14,770/mt. Downstream buyers still purchased as needed, and trading remained unimproved.

 

Key Words:  spot lead prices 

SHFE #1 Lead Price Movement (2013-1-30)

SMM Insight 03:09:50PM Jan 30, 2013 Source:SMM

SHANGHAI, Jan. 30 (SMM) – On January 30, spot lead prices in China increased as SHFE lead prices opening higher. Prices for Chihong Zn & Ge were offered as high as RMB 14,900-14,950/mt, but downstream buying interest remained low with enterprises closing for holiday, leaving trading quiet. Traded prices of Chihong Zn & Ge and Nanfang were around RMB 14,900/mt, with spot discounts of RMB 440/mt over the most active SHFE lead contract price. Hanjiang and Mengzi were quoted at RMB 14,800-14,810/mt and quotations for Shenqian were raised to RMB 14,770/mt. Downstream buyers still purchased as needed, and trading remained unimproved.

 

Key Words:  spot lead prices