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SHANGHAI, Mar. 11 (SMM) – In China’s spot lead market, spot discounts over the most active SHFE lead contract price narrowed to RMB 130/mt on March 11 with the approach of the delivery date. Quotations for Chihong Zn & Ge were at RMB 14,640/mt, while Nanfang was quoted at RMB 14,580/mt. Tongguan and Shuikoushan were quoted at RMB 14,650/mt. Downstream buyers purchased as needed while smelters were still unwilling to move goods, leaving trading muted.
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