#1 Lead Price Movement in Shanghai Market (2013-4-19)

SHANGHAI, Apr. 19 (SMM) – SHFE lead prices moved up to RMB 13,720/mt Friday, and spot lead markets China’s was more brisk than the previous trading day and downstream buyers replenished stocks at lows. Chihong Zn & Ge was quoted at RMB 13,860/mt, with spot discounts of RMB 50/mt against the most active SHFE lead contract price. Shuangyan was quoted at RMB 13,650/mt, while Tongguan was offered at RMB 13,680/mt, with premiums of RMB 50/mt over the SHFE 1305 lead contract price. Spot trading showed limited improvement as some downstream buyers purchased directly from smelters.