#1 Lead Price Movement in Shanghai Market (2013-10-30)

Price Review & Forecast 01:28:35PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – SHFE lead prices fluctuated around the 60-day moving average on Wednesday. Investors are closely watching the US Federal Reserve’s interest rate meeting and stay on hold ahead of the result. In China’s spot lead market, goods of Chihong Zn & Ge were traded mostly at RMB 14,320/mt, a broader discount of around RMB 180/mt over the most active SHFE 1312 lead contract prices. Traded prices for Nanfang and Humon were RMB 14,300/mt and RMB 14,180/mt respectively, while Henan Jinli was mostly traded at RMB 14,190/mt. Downstream producers were mostly cautious in purchasing amid tight liquidity at the end of October and worries over economic uncertainties. Cargo holders, however, were trading aggressively, with transactions light.   

 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-10-30)

Price Review & Forecast 01:28:35PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – SHFE lead prices fluctuated around the 60-day moving average on Wednesday. Investors are closely watching the US Federal Reserve’s interest rate meeting and stay on hold ahead of the result. In China’s spot lead market, goods of Chihong Zn & Ge were traded mostly at RMB 14,320/mt, a broader discount of around RMB 180/mt over the most active SHFE 1312 lead contract prices. Traded prices for Nanfang and Humon were RMB 14,300/mt and RMB 14,180/mt respectively, while Henan Jinli was mostly traded at RMB 14,190/mt. Downstream producers were mostly cautious in purchasing amid tight liquidity at the end of October and worries over economic uncertainties. Cargo holders, however, were trading aggressively, with transactions light.   

 
Key Words:  spot lead price