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#1 Lead Price Movement in Shanghai Market (2013-4-9)
Apr 9,2013 16:04CST
smm insight
Source:SMM
SHFE lead prices gapped higher on April 9, boosting spot lead prices.

SHANGHAI, Apr. 9 (SMM) – SHFE lead prices gapped higher on April 9, boosting spot lead prices. Quotations for Chihong Zn & Ge were around RMB 14,270/mt, while those for Nanfang were around RMB 14,250/mt. YT lead was quoted at RMB 14,230/mt, and Tongguan was offered at RMB 14,260/mt, level with SHFE 1304 lead contract price, but deals were made at high prices. Later, as SHFE lead prices drifted down RMB 30/mt, spot lead prices dropped RMB 20/mt. Cargo holders were willing to move goods as SHFE lead prices started higher, but downstream buying interest remained low with strong wait-and-see mood.
 

spot lead price

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