SHANGHAI, Apr. 3 (SMM) – SHFE lead prices started lower April 3, and some traders in spot lead market closed on the last trading day before the Qingming Festival. Smelters were still not willing to move goods and middlemen held prices firm. Quotations for Chihong Zn & Ge, Nanfang, and Tongguan were around RMB 14,220/mt, with spot discounts of RMB 100/mt against the most active SHFE lead contract price. Downstream buyers were more reluctant to purchase to avoid risks, leaving transactions poorer than Tuesday.
