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#1 Lead Price Movement in Shanghai Market (2013-4-24)
Apr 24,2013 14:33CST
smm insight
Source:SMM
SHFE lead prices opened higher on Wednesday but lacked upward momentum, while spot lead prices moved up RMB 50-80/mt.
SHANGHAI, Apr. 24 (SMM) – SHFE lead prices opened higher on Wednesday but lacked upward momentum, while spot lead prices moved up RMB 50-80/mt. Chihong Zn & Ge was quoted at RMB 13,730/mt, with spot discount of RMB 40/mt over the SHFE 1306 lead contract price. Nanfang and Jinli were offered at RMB 13,700/mt. Market players remained bearish despite the slight rebound, leaving trading unimproved.
 
spot lead price

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