#1 Lead Price Movement in Shanghai Market (2013-7-16)

SHANGHAI, Jul. 16 (SMM) – On July 16, spot lead prices in China remained little changed. Limited supplies caused Chihong Zn & Ge to hold quotes high at RMB 13,780/mt. Tongguan was quoted at RMB 13,760/mt, and Mengzi and Hanjiang were offered RMB 13,700-13,710/mt. Hengbang’s goods were quoted at RMB 13,640-13,650/mt, but transactions were rarely made. Investors were cautious before the testimony of Ben Bernanke, with smelters supplying normally and smelters purchasing as needed.