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SHFE #1 Lead Price Movement (2013-2-20)
Feb 20,2013 14:34
CSTsmm insight
Source:SMM
On January 20, SHFE lead prices remained low, and downstream demand in spot lead market was still weak, but spot lead prices in China refused to decline.
SHANGHAI, Feb. 20 (SMM) – On January 20, SHFE lead prices remained low, and downstream demand in spot lead market was still weak, but spot lead prices in China were resilient to declines as cargo holders with full funding held quotations firm. Chihong Zn & Ge was quoted at RMB 14,920-14,930/mt with spot discounts over the most active SHFE lead contract price falling to RMB 350/mt. Quotations for Dongling and Hanjiang were RMB 14,830-14,840/mt, while those for Shenqian were at RMB 14,820/mt. Trading was still modest.
spot lead prices
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