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#1 Lead Price Movement in Shanghai Market (2013-3-29)
Mar 29,2013 13:45CST
smm insight
Source:SMM
SHFE 1305 lead contract price opened lower on Friday and followed a weak trend, dragging down spot lead prices in China.

SHANGHAI, Mar. 29 (SMM) – SHFE 1305 lead contract price opened lower on Friday and followed a weak trend, dragging down spot lead prices in China. Chihong Zn & Ge was quoted at RMB 14,350/mt, with spot discounts of RMB 50/mt over the most active SHFE lead contract price. Nanfang and Tongguan were quoted at RMB 14,330/mt and RMB 14,300/mt, respectively. Prices for Yuguang were around RMB 14,300/mt, level with the SHFE 1304 lead contract price. Downstream buyers purchased in limited amount, while cargo holders were reluctant to move goods.
 

spot lead price

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