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#1 Lead Price Movement in Shanghai Market (2013-3-26)
Mar 26,2013 14:06CST
smm insight
Source:SMM
SHFE lead prices moved below the 5-day moving average on Tuesday, and spot lead prices in China remained little changed from the previous trading day.

SHANGHAI, Mar. 26 (SMM) – SHFE lead prices moved below the 5-day moving average on Tuesday, and spot lead prices in China remained little changed from the previous trading day. Chihong Zn & Ge was quoted at RMB 14,460/mt, with spot discounts of RMB 80/mt over the most active SHFE lead contract price at RMB 80/mt. Tongguan was quoted at RMB 14,420/mt, while Jinli was quoted at RMB 14,430/mt. Downstream buyers still purchased as needed due to poor orders, and cargo holders sold goods moderately given uncertain outlook, with transactions limited.

 

spot lead prices

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