SHANGHAI, Jul. 22 (SMM) – On July 22, spot lead prices in China remained firm, and ex-works prices offered by lead smelters were relatively high. Tongguan was quoted at RMB 13,750/mt in Shanghai, with spot discounts of RMB 110/mt against the most active SHFE lead contract price. Quotes of Mengzi were between RMB 13,720-13,730/mt, while those for Hanjiang were around RMB 13,720/mt. Nanfang and Chihong Zn & Ge limited supplies, leaving no quotes reported in the market. Humon’s goods were offered at RMB 13,660/mt. Despite the onset of traditional high demand season, most downstream buyers reported little improvement in consumption, and mainly purchased as needed.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn