SHANGHAI, Apr. 25 (SMM) – Supplies in China’s spot lead markets dropped significantly recently with due to low selling interest of smelters and large amount of warehouse receipts being sold. On Thursday, Chihong Zn & Ge and Nanfang were quoted at RMB 13,790-13,800/mt, with spot premiums of RMB 30-40/mt over the SHFE 1306 lead contract price. Quotes for Shuangyan were around RMB 13,760/mt, flat at the SHFE 1305 lead contract price. Inquiries increased noticeably by transactions remained limited as cargo holders held back from selling.
#1 Lead Price Movement in Shanghai Market (2013-4-25)
Key Words: spot lead price
