#1 Lead Price Movement in Shanghai Market (2013-10-29)

SHANGHAI, Oct. 29 (SMM) – In China’s spot lead market, lead prices were flat on Tuesday. Goods of Jinsha, Nanfang and Chengyuan were traded at RMB 14,300/mt, a discount of around RMB 150/mt over the most active SHFE lead prices. Dongling's resources were sold at RMB 14,250/mt and Humon was traded at RMB 14,180/mt. Lead smelters stepped up moving goods and transactions for deliverable brands picked up relatively, but downstream producers still were reluctant to purchase on Tuesday.