#1 Lead Price Movement in Shanghai Market (2013-11-7)

SHANGHAI, Nov. 7 (SMM) – In China’s spot lead market, traded prices were little changed from Wednesday. Goods of Chihong Zn & Ge were traded at RMB 14,230/mt, a discount of RMB 80/mt over the most active SHFE lead prices. Nanfang resources were sold between RMB 14,190-14,200/mt, Mengzi were traded at RMB 14,180/mt, and Shenqian and Humon were traded at RMB 14,150/mt. Spot lead supply was sufficient on the market, while downstream purchase recovered slightly from Wednesday, with increasing transactions for Nanfang and brands at low prices.