#1 Lead Price Movement in Shanghai Market (2013-6-13)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-6-13)

Price Review & Forecast 02:02:13PM Jun 13, 2013 Source:SMM

SHANGHAI, Jun. 13 (SMM) – SHFE lead prices opened lower on Thursday, dragged down by LME lead during the three-day Chinese Dragon Boat Festival. Cargo holders, however, refrained from selling. Downstream producers largely held to the sidelines. Chihong Zn & Ge was offered at RMB 13,900/mt, a premium of RMB 90/mt over SHFE 1306 lead contract prices. Yubei was quoted at RMB 13,890-13,900/mt, a discount of RMB 40/mt over SHFE 1307 lead contract prices. Quotations for Hanjiang were RMB 13,880/mt. Trading was subdued, though inquiries were heard.
 

Price

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1# Silver ingots(99.99%)
Oct.17
4234.0
-25.0
(-0.59%)
2# Silver ingots(99.95%)
Oct.17
4219.0
-25.0
(-0.59%)
3# Silver ingots(99.90%)
Oct.17
4204.0
-25.0
(-0.59%)
Gold(99.99%)
Oct.17
341.0
0.9
(0.28%)
Gold(99.95%)
Oct.17
340.7
1.0
(0.29%)

#1 Lead Price Movement in Shanghai Market (2013-6-13)

Price Review & Forecast 02:02:13PM Jun 13, 2013 Source:SMM

SHANGHAI, Jun. 13 (SMM) – SHFE lead prices opened lower on Thursday, dragged down by LME lead during the three-day Chinese Dragon Boat Festival. Cargo holders, however, refrained from selling. Downstream producers largely held to the sidelines. Chihong Zn & Ge was offered at RMB 13,900/mt, a premium of RMB 90/mt over SHFE 1306 lead contract prices. Yubei was quoted at RMB 13,890-13,900/mt, a discount of RMB 40/mt over SHFE 1307 lead contract prices. Quotations for Hanjiang were RMB 13,880/mt. Trading was subdued, though inquiries were heard.