#1 Lead Price Movement in Shanghai Market (2013-10-14)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-10-14)

Price Review & Forecast 03:01:44PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – In Shanghai spot lead market, prices for Chihong Zn & Ge were between RMB 14,050-14,060/mt on Monday, with contango of RMB 50-60/mt against the most active SHFE lead contract price. Shuikoushan was quoted at a backwardation of RMB 20/mt over the SHFE 1311 lead contract price. Chengyuan and Nanfang were traded at RMB 14,040/mt, while Hanjiang and Shenqian were sold at RMB 14,020/mt. Humon’s resources were traded at RMB 14,000/mt. Cargo holders moved goods aggressively, but buying interest downstream weak, leaving transactions limited. 

 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-10-14)

Price Review & Forecast 03:01:44PM Oct 14, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – In Shanghai spot lead market, prices for Chihong Zn & Ge were between RMB 14,050-14,060/mt on Monday, with contango of RMB 50-60/mt against the most active SHFE lead contract price. Shuikoushan was quoted at a backwardation of RMB 20/mt over the SHFE 1311 lead contract price. Chengyuan and Nanfang were traded at RMB 14,040/mt, while Hanjiang and Shenqian were sold at RMB 14,020/mt. Humon’s resources were traded at RMB 14,000/mt. Cargo holders moved goods aggressively, but buying interest downstream weak, leaving transactions limited. 

 
Key Words:  spot lead price