Home / Metal News /  / #1 Lead Price Movement in Shanghai Market (2013-7-24)
#1 Lead Price Movement in Shanghai Market (2013-7-24)
Jul 24,2013 16:41CST
price review forecast
Source: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.

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.

 
China lead price
spot lead price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news