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

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.