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#1 Lead Price Movement in Shanghai Market (2013-7-19)
Jul 19,2013 19:38CST
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Source:SMM
In China’s spot lead market, cargo holders mostly held prices firm on July 19, regardless of the decline in SHFE lead prices
SHANGHAI, Jul. 19 (SMM) – In China’s spot lead market, cargo holders mostly held prices firm on July 19, regardless of the decline in SHFE lead prices. Quotes for Jinsha were mainly at RMB 13,780-13,790/mt, with discounts of RMB 100-110/mt against the most active SHFE lead contract price, but transactions were scarce. Nanfang and Hanjiang were quoted at RMB 13,740/mt and RMB 13,720/mt, respectively, while Hengbang was offered at RMB 13,670-13,680/mt, but traded prices were low. Supply in Shanghai was relatively tight, while downstream buying interest was low. 
 
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