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#1 Lead Price Movement in Shanghai Market (2013-11-1)

iconNov 1, 2013 15:18
Source:SMM
In China’s spot lead market, transactions failed to pick up despite easing of liquidity in early November and non-deliverable brands performed even worse on Friday.
SHANGHAI, Nov. 1 (SMM) – In China’s spot lead market, transactions failed to pick up despite easing of liquidity in early November and non-deliverable brands performed even worse on Friday. Downstream producers purchased only as needed and did not build stocks dramatically, while cargo holders moved goods as usual. Goods of Chihong Zn & Ge traded at RMB 14,300/mt, a narrower discount of around RMB 70/mt over the most active SHFE 1312 lead contract prices. Nanfang resources were sold at RMB 14,290/mt, Hanjiang at RMB 14,240/mt and Humon at a relatively lower price of RMB 14,170/mt. 
 
spot lead price

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