#1 Lead Price Movement in Shanghai Market (2013-5-30)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-5-30)

SMM Insight 07:43:30PM May 30, 2013 Source:SMM
SHANGHAI, May 30 (SMM) – On May 30, trading in China’s spot lead market turned quieter by the end of the month. Quotes for Chihong Zn & Ge were around RMB 13,860/mt, with discounts of RMB 60/mt against the most active SHFE lead contract price. Hanjiang was quoted at RMB 13,820/mt. Most smelters continued to hold quotes at RMB 13,850/mt. Downstream buyers were less willing to purchase due to financial pressure.
 
Key Words:  spot lead market 

#1 Lead Price Movement in Shanghai Market (2013-5-30)

SMM Insight 07:43:30PM May 30, 2013 Source:SMM
SHANGHAI, May 30 (SMM) – On May 30, trading in China’s spot lead market turned quieter by the end of the month. Quotes for Chihong Zn & Ge were around RMB 13,860/mt, with discounts of RMB 60/mt against the most active SHFE lead contract price. Hanjiang was quoted at RMB 13,820/mt. Most smelters continued to hold quotes at RMB 13,850/mt. Downstream buyers were less willing to purchase due to financial pressure.
 
Key Words:  spot lead market