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SHFE #1 Lead Price Movement (2013-3-14)
Mar 14,2013 11:50CST
smm insight
Source:SMM
SHFE and spot lead prices both fell Thursday.

SHANGHAI, Mar. 14 (SMM) – SHFE and spot lead prices both fell Thursday. Chihong Zn & Ge was mainly quoted at RMB 14,600/mt, with spot discounts over the most active SHFE lead contract price at RMB 100/mt. Prices for Nanfang were offered at RMB 14,560/mt, while Shuangyan was quoted at RMB 14,480/mt. The continuous declines in lead prices and weak demand intensified market concerns. As such, downstream buyers still purchased on an as-needed basis, and smelters were unwilling to move goods at low prices, leaving a stalemate between suppliers and buyers.
 

spot lead prices

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