#1 Lead Price Movement in Shanghai Market (2013-10-28)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-10-28)

Price Review & Forecast 01:40:05PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – Spot lead prices remained stagnant on Monday despite satisfactory performance of SHFE lead prices. Quotes for Nanfang were RMB 14,300/mt, a discount of RMB 140/mt against the most active SHFE lead contract price. Mengzi was traded at RMB 14,270/mt, and Humon’s resources were sold at RMB 14,180/mt. Spot market has remained weak last week, but trading was even lighter on Monday as rising SHFE lead prices fueled wait-and-see sentiment among downstream buyers.

 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-10-28)

Price Review & Forecast 01:40:05PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – Spot lead prices remained stagnant on Monday despite satisfactory performance of SHFE lead prices. Quotes for Nanfang were RMB 14,300/mt, a discount of RMB 140/mt against the most active SHFE lead contract price. Mengzi was traded at RMB 14,270/mt, and Humon’s resources were sold at RMB 14,180/mt. Spot market has remained weak last week, but trading was even lighter on Monday as rising SHFE lead prices fueled wait-and-see sentiment among downstream buyers.

 
Key Words:  spot lead price