#1 Lead Price Movement in Shanghai Market (2013-6-7)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-6-7)

Price Review & Forecast 05:18:47PM Jun 07, 2013 Source:SMM
SHANGHAI, Jun. 7 (SMM) – On June 7, bullish cargo holders in China’s spot lead markets held prices firm before the Chinese Dragon Boat Festival. Downstream buyers had already completed replenishments, leaving selling interest low and transactions limited. Tongguan was quoted at RMB 14,000/mt, flat with the most active SHFE lead contract price. Quotes for Hanjiang and Dongling were around RMB 13,970/mt, but no deals were made. Lead prices in Henan were reported at RMB 13,850-13,900/mt, RMB 25/mt lower than the previous trading day.
 
Key Words:  spot lead market 

#1 Lead Price Movement in Shanghai Market (2013-6-7)

Price Review & Forecast 05:18:47PM Jun 07, 2013 Source:SMM
SHANGHAI, Jun. 7 (SMM) – On June 7, bullish cargo holders in China’s spot lead markets held prices firm before the Chinese Dragon Boat Festival. Downstream buyers had already completed replenishments, leaving selling interest low and transactions limited. Tongguan was quoted at RMB 14,000/mt, flat with the most active SHFE lead contract price. Quotes for Hanjiang and Dongling were around RMB 13,970/mt, but no deals were made. Lead prices in Henan were reported at RMB 13,850-13,900/mt, RMB 25/mt lower than the previous trading day.
 
Key Words:  spot lead market