#1 Lead Price Movement in Shanghai Market (2013-7-5)

Jul 5, 2013 13:15

On July 5, SHFE lead prices fell below RMB 13,900/mt along with slipping copper prices, and spot lead prices edged RMB 20-30/mt lower.

SHANGHAI, Jul. 5 (SMM) – On July 5, SHFE lead prices fell below RMB 13,900/mt along with slipping copper prices, and spot lead prices edged RMB 20-30/mt lower. Mengzi was offered at RMB 13,730/mt, and Hanjiang was quoted at RMB 13,725/mt. Warrants for Yubei were offered at RMB 13,720/mt, with premiums of RMB 20/mt over SHFE 1307 lead contract price. Lower lead prices caused some smelters to cut supplies, while downstream buyers still purchased to orders. Transactions between traders were also quiet.

SHFE lead price

spot lead price

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#1 Lead Price Movement in Shanghai Market (2013-7-5)

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