#1 Lead Price Movement in Shanghai Market (2013-6-18)

SHANGHAI, Jun. 18 (SMM) – On June 18, SHFE 1307 lead contract became the most active contract and cargo holders in China’s spot lead market lowered quotes RMB 30/mt due to limited transactions made at high prices on Monday. Chihong Zn & Ge was quoted at RMB 13,920/mt, with discount of RMB 50/mt against the most active SHFE lead contract price. Mengzi and Hanjiang were quoted at RMB 13,900/mt, while prices for Yunyue were offered at RMB 13,870/mt. Downstream consumption improved slightly from the previous trading day, and smelters moved goods normally. Actual transactions were modest.