SHANGHAI, Apr. 2 (SMM) – SHFE lead prices gapped higher and kept vacillating on Monday, driving spot lead prices to stabilize. Quotations for Chihong Zn & Ge were around RMB 14,280/mt, with spot discounts over the most active SHFE lead contract price at RMB 70/mt. Prices for Nanfang were offered around RMB 14,260/mt, while those for Tongguan were offered at discounts of RMB 20/mt against the SHFE 1304 lead contract price. Buying interest improved slightly on stabilizing spot prices, but smelters were still reluctant to move goods at low prices.
