#1 Lead Price Movement in Shanghai Market (2013-7-24)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-7-24)

Price Review & Forecast 04:41:47PM Jul 24, 2013 Source:SMM

SHANGHAI, Jul. 24 (SMM) – On July 24, base metals fell across the board due to the HSBC China PMI for July slipping to an 11-month low, but the decline in SHFE lead prices was limited. In spot markets, lead prices were RMB 10-20/mt lower than Tuesday. Goods of Chihong Zn & Ge were quoted at RMB 13,770/mt, with discounts of RMB 80/mt against the most active SHFE 1309 lead contract price. Prices for Mengzi and YT were offered at RMB 13,750/mt, while Hanjiang was quoted at RMB 13,740/mt. Downstream buyers continued to purchase to order, while smelters held prices firm, with transactions improving slightly.

 

#1 Lead Price Movement in Shanghai Market (2013-7-24)

Price Review & Forecast 04:41:47PM Jul 24, 2013 Source:SMM

SHANGHAI, Jul. 24 (SMM) – On July 24, base metals fell across the board due to the HSBC China PMI for July slipping to an 11-month low, but the decline in SHFE lead prices was limited. In spot markets, lead prices were RMB 10-20/mt lower than Tuesday. Goods of Chihong Zn & Ge were quoted at RMB 13,770/mt, with discounts of RMB 80/mt against the most active SHFE 1309 lead contract price. Prices for Mengzi and YT were offered at RMB 13,750/mt, while Hanjiang was quoted at RMB 13,740/mt. Downstream buyers continued to purchase to order, while smelters held prices firm, with transactions improving slightly.