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SHFE #1 Lead Price Movement (2013-2-18)
Feb 18,2013 14:23CST
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Source:SMM
SHFE lead prices remained weak on the first trading day after the Chinese New Year.

SHANGHAI, Feb. 18 (SMM) – SHFE lead prices remained weak on the first trading day after the Chinese New Year. Chihong Zn & Ge was quoted at RMB 14,940/mt, a discount of RMB 400/mt over SHFE 1304 lead contract prices. Quotations were RMB 14,900/mt for Hanjiang and Dongling, and RMB 14,830/mt for Shenqian. No massive downstream restocking was reported, with only a few lead-acid battery producers purchasing as needed. Cargo holders generally stood on the sidelines, depressing overall trading.    
 

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