#1 Lead Price Movement in Shanghai Market (2013-4-22)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-4-22)

SMM Insight 01:42:19PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – SHFE lead prices followed a weak trend on Monday, and transactions in China’s spot lead markets were mainly for warehouse warrants. Chihong Zn & Ge was mainly quoted at RMB13,782/mt, while Nanfang was traded at RMB 13,730/mt. Warrants of Yubei and Shuangyan were quoted at RMB 13,730-13,740/mt, with premiums of RMB 10-20/mt against the SHFE 1305 lead contract price. As copper prices continued to fall, some market players believe SHFE lead may still fall. Downstream buyers were thus unwilling to purchase, and some smelters under financial pressures began selling goods. Trading remained light on the whole.
 

Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-4-22)

SMM Insight 01:42:19PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – SHFE lead prices followed a weak trend on Monday, and transactions in China’s spot lead markets were mainly for warehouse warrants. Chihong Zn & Ge was mainly quoted at RMB13,782/mt, while Nanfang was traded at RMB 13,730/mt. Warrants of Yubei and Shuangyan were quoted at RMB 13,730-13,740/mt, with premiums of RMB 10-20/mt against the SHFE 1305 lead contract price. As copper prices continued to fall, some market players believe SHFE lead may still fall. Downstream buyers were thus unwilling to purchase, and some smelters under financial pressures began selling goods. Trading remained light on the whole.
 

Key Words:  spot lead price