#1 Lead Price Movement in Shanghai Market (2013-10-9)

SHANGHAI, Oct. 9 (SMM) – In Shanghai spot lead market, resources of Jinsha were quoted at RMB 14,080/mt on October 9, with a contango of RMB 20/mt against the most active SHFE lead contract price. Chengyuan was traded at RMB 14,040-14,050/mt, a backwardation of RMB 60/mt over the SHFE 1310 lead contract price. Hanjiang was sold at RMB 14,010/mt, while Humon’s goods were traded at RMB 13,980/mt. Price for YY lead was RMB 13,950/mt. Downstream buyers showed little appetite for purchasing lead, with most transactions in spot market done at low prices. Holders of branded lead refused to sell at low prices.