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SHANGHAI, Jul. 29 (SMM) – Financing aspect of SHFE lead was waning given limited supply in spot lead markets and the narrowing price gap between SHFE current month and three-month lead contracts, allowing SHFE lead prices to be less affected by LME lead. As a result, SHFE 1309 lead contract price hovered at RMB 13,850-13,880/mt last week. This week, SHFE lead prices may not show significant change, moving between RMB 13,830-13,880/mt.
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