#1 Lead Price Movement in Shanghai Market (2013-6-5)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-6-5)

Price Review & Forecast 02:53:13PM Jun 05, 2013 Source:SMM
SHANGHAI, Jun. 5 (SMM) – On June 5, SHFE lead price opened higher and spot lead prices in China rose RMB 30/mt due to limited supplies in Shanghai. Chihong Zn & Ge was quoted at RMB 13,980/mt, with spot discounts of RMB 70/mt over the most active SHFE lead contract price. Hanjiang was offered at RMB 13,950/mt. With spot lead prices approaching RMB 14,000/mt, bullish smelters hold quotes high. Buying interest among downstream buyers improved slightly and traders increased purchases with optimistic outlook.
 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-6-5)

Price Review & Forecast 02:53:13PM Jun 05, 2013 Source:SMM
SHANGHAI, Jun. 5 (SMM) – On June 5, SHFE lead price opened higher and spot lead prices in China rose RMB 30/mt due to limited supplies in Shanghai. Chihong Zn & Ge was quoted at RMB 13,980/mt, with spot discounts of RMB 70/mt over the most active SHFE lead contract price. Hanjiang was offered at RMB 13,950/mt. With spot lead prices approaching RMB 14,000/mt, bullish smelters hold quotes high. Buying interest among downstream buyers improved slightly and traders increased purchases with optimistic outlook.
 
Key Words:  spot lead price