#1 Lead Price Movement in Shanghai Market (2013-6-4)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-6-4)

SMM Insight 02:54:43PM Jun 04, 2013 Source:SMM
SHANGHAI, Jun. 4 (SMM) – On June 4, spot lead prices in China remained little changed from Monday. Jinsha was quoted at RMB 13,950/mt, with spot discounts of RMB 125/mt over the most active SHFE lead contract price. Hanjiang was traded at RMB 13,900-13,920/mt. Smelters were more bullish to market outlook, and held back from selling, leaving supplies tight in the market. Downstream purchases fell after the continuous increases in lead prices and since end-user demand remained sluggish. 
 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-6-4)

SMM Insight 02:54:43PM Jun 04, 2013 Source:SMM
SHANGHAI, Jun. 4 (SMM) – On June 4, spot lead prices in China remained little changed from Monday. Jinsha was quoted at RMB 13,950/mt, with spot discounts of RMB 125/mt over the most active SHFE lead contract price. Hanjiang was traded at RMB 13,900-13,920/mt. Smelters were more bullish to market outlook, and held back from selling, leaving supplies tight in the market. Downstream purchases fell after the continuous increases in lead prices and since end-user demand remained sluggish. 
 
Key Words:  spot lead price