#1 Lead Price Movement in Shanghai Market (2013-4-10)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-4-10)

SMM Insight 01:33:39PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE lead prices hovered near the 10-day moving average on April 10, and spot lead prices remained little changed from the previous trading day. Chihong Zn & Ge and Nanfang were quoted at RMB 14,270-14,280/mt, with spot discounts over the most active SHFE lead price of RMB 200/mt. Quotations for Shuangyan and YT were RMB 14,220/mt and RMB 14,230/mt, respectively. Market players were cautious, awaiting Fed’s interest rate decision. Downstream buyers purchased modestly at low prices, and smelters were still reluctant to move goods, with transactions mainly done between traders.
 

Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-4-10)

SMM Insight 01:33:39PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – SHFE lead prices hovered near the 10-day moving average on April 10, and spot lead prices remained little changed from the previous trading day. Chihong Zn & Ge and Nanfang were quoted at RMB 14,270-14,280/mt, with spot discounts over the most active SHFE lead price of RMB 200/mt. Quotations for Shuangyan and YT were RMB 14,220/mt and RMB 14,230/mt, respectively. Market players were cautious, awaiting Fed’s interest rate decision. Downstream buyers purchased modestly at low prices, and smelters were still reluctant to move goods, with transactions mainly done between traders.
 

Key Words:  spot lead price