#1 Lead Price Movement in Shanghai Market (2013-7-18)

SHANGHAI, Jul. 18 (SMM) – In China’s spot lead market, Chihong Zn & Ge cut supplies due to regular maintenance in summer months, and quotes for the brand were rarely heard in Shanghai. Prices of other brands dropped RMB 10-20/mt, with Tongguan offered at RMB 13,740/mt, with discount of RMB 120/mt against the SHFE 1309 lead contract price. Mengzi was quoted at RMB 13,710/mt, while Hanjiang was offered at RMB 13,700/mt. Downstream buyers only purchased as needed as domestic lead prices did not fall along with LME lead prices.