#1 Lead Price Movement in Shanghai Market (2013-10-17)

SHANGHAI, Oct. 17 (SMM) – In Shanghai spot market, Jinsha was offered at RMB 14,190/mt with discounts of RMB 120/mt over the most active SHFE lead contract price. Chengyuan prices were offered in RMB 14,150-14,170/mt range, while Hanjiang was sold at RMB 14,120/mt. Goods of Humon were traded at RMB 14,080/mt on Thursday. Traders were active in purchasing due to spot discounts of RMB 80/mt over the SHFE current month lead contract price. Supplies of deliverable goods tightened and demand from downstream producers was modest on Thursday.