#1 Lead Price Movement in Shanghai Market (2013-10-11)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-10-11)

Price Review & Forecast 05:24:01PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – In Shanghai spot lead market, goods of Chihong Zn & Ge and Nanfang were quoted at RMB 14,060-14,070/mt on October 11, with contango of RMB 80-90/mt against the most active SHFE lead contract price. Shuikoushan was offered flat with SHFE 1311 lead contract price, while Chengyuan was quoted at a premium of RMB 40/mt over SHFE 1310 lead contract price. Prices for Qinyuan and Hanjiang were RMB 14,020/mt, and Humon was traded at RMB 13,990/mt. Cargo holders moved goods aggressively, driving up supplies in spot markets, but downstream purchases did not increase along with higher prices, leaving trading poor.

Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-10-11)

Price Review & Forecast 05:24:01PM Oct 11, 2013 Source:SMM

SHANGHAI, Oct. 11 (SMM) – In Shanghai spot lead market, goods of Chihong Zn & Ge and Nanfang were quoted at RMB 14,060-14,070/mt on October 11, with contango of RMB 80-90/mt against the most active SHFE lead contract price. Shuikoushan was offered flat with SHFE 1311 lead contract price, while Chengyuan was quoted at a premium of RMB 40/mt over SHFE 1310 lead contract price. Prices for Qinyuan and Hanjiang were RMB 14,020/mt, and Humon was traded at RMB 13,990/mt. Cargo holders moved goods aggressively, driving up supplies in spot markets, but downstream purchases did not increase along with higher prices, leaving trading poor.

Key Words:  spot lead price