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SHANGHAI, Mar. 19 (SMM) – SHFE lead prices remained low on Tuesday and spot lead market in China was quiet. Chihong Zn & Ge was quoted at RMB 14,500/mt, level with the most active SHFE lead contract price, and prices for Yuguang were offered at RMB 14,430/mt, with spot premiums of RMB 10/mt over the SHFE 1304 lead contract price. Shuangyan was quoted at RMB 14,400/mt. Downstream buyers purchased cautiously given unclear outlook, while cargo holders were not willing to sell due to low prices.
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