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SHFE #1 Lead Price Movement (2013-2-19)
Feb 20,2013 10:21CST
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Source:SMM
SHFE lead prices were still capped under the 5-day moving average on February 19.

SHANGHAI, Feb. 20 (SMM) – SHFE lead prices were still capped under the 5-day moving average on February 19. Cargo holders lowered offers slightly due to anemic demand for spot lead. Quotations of Chihong Zn & Ge were lowered to RMB 14,930/mt, a discount of RMB 400/mt over SHFE 1304 lead contract prices. A few deals were done at RMB 14,900/mt. Quotations were RMB 14,880/mt for Hanjiang, RMB 14,850/mt for Dongling, and RMB 14,820-14,830/mt for Shenqian. Downstream producers were little interested in buying, leaving overall trading limited.
 

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