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#1 Lead Price Movement in Shanghai Market (2013-3-27)
Mar 27,2013 14:59CST
smm insight
Source:SMM
SHFE 1305 lead contract price started lower on March 27due to the slump in LME lead prices overnight, but spot lead prices remained stable.

SHANGHAI, Mar. 27 (SMM) – SHFE 1305 lead contract price started lower on March 27due to the slump in LME lead prices overnight, but spot lead prices remained stable, with spot discounts over the most active SHFE lead contract price narrowing to RMB 60/mt. Chihong Zn & Ge and Nanfang were quoted at RMB 14,420/mt and RMB 14,380/mt, and prices for Mengzi were offered at RMB 14,350/mt. Downstream buying interest remained low and smelters were also reluctant to sell goods, leaving transactions poor.


 

spot lead price

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