SHFE #1 Lead Price Movement (2013-3-5)

SHANGHAI, Mar. 5 (SMM) – SHFE lead prices continued to fall on Tuesday due to declines in LME lead prices overnight, and spot lead prices in China also remained low. Quotations for Chihong Zn & Ge were at RMB 14,680/mt, with spot discounts over the most active SHFE lead contract price expanding to RMB 250/mt after the SHFE 1305 lead contract became the most active one. Prices for Nanfang were offered at RMB 14,650/mt. Shenqian and Hanjiang were quoted at RMB 14,610-14,620/m. Cargo holders supplied goods normally and some downstream buyers purchased at low prices, but transactions were fewer than the previous trading day.