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Home / Metal News / #1 Lead Price Movement in Shanghai Market (2013-4-2)

#1 Lead Price Movement in Shanghai Market (2013-4-2)

Apr 2, 2013 14:29

Source:SMM

SHFE lead prices gapped higher and kept vacillating on Monday, driving spot lead prices to stabilize.

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.

spot lead price

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