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#1 Lead Price Movement in Shanghai Market (2013-6-21)
Jun 21,2013 13:10CST
price review forecast
Source:SMM
SHFE 1309 lead contract price edged up after gapping lower on Friday, and spot lead prices fell noticeably.
SHANGHAI, Jun. 21 (SMM) – SHFE 1309 lead contract price edged up after gapping lower on Friday, and spot lead prices fell noticeably. Traders mainly sold down inventories ahead of the weekend, and downstream buyers purchased according to production needs. Most investors were still bearish to lead market. Chihong Zn & Ge was quoted at RMB 13,850/mt, with discount of RMB 110/mt against the most active SHFE lead contract price, but transaction was quiet. Shuikoushan and Nanfang were mainly offered at RMB 13,790/mt, and Hanjiang was offered at RMB 13,780/mt.  
 
spot lead price

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