#1 Lead Price Movement in Shanghai Market (2013-11-15)

SHANGHAI, Nov. 15 (SMM) – In Shanghai spot lead market, traded prices were stable. Goods of Chihong Zn & Ge were offered at RMB 14,030/mt, a discount of around RMB 100/mt over the most active SHFE lead prices, but were barely traded on Friday. Nanfang and Shuikoushan warrants were quoted at RMB 13,980/mt due to ample supply and traded between RMB 13,960-13,980/mt. Humon resources were sold at RMB 13,960/mt. Cargo holders curtailed supplies on expectations that spot lead prices may rise, while downstream producers stayed on the sidelines, leaving transactions thin on Friday.