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#1 Lead Price Movement in Shanghai Market (2013-4-15)
Apr 15, 2013 15:15Source:SMM
SHFE lead prices slumped on Monday, further undermining selling interest of cargo holders in spot lead markets.
SHANGHAI, Apr. 15 (SMM) – SHFE lead prices slumped on Monday, further undermining selling interest of cargo holders in spot lead markets. Quotations were rare, with Chihong Zn & Ge and Nanfang quoted at RMB 14,050/mt, RMB 150/mt lower than the SHFE 1306 lead contract price. Tongguan was offered at RMB 14,030/mt, down RMB 200/mt from spot lead prices last Friday. Downstream buyers were bearish and unwilling to purchase.
spot lead market
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