#1 Lead Price Movement in Shanghai Market (2013-11-18)

SHANGHAI, Nov. 18 (SMM) – In Shanghai spot lead market, goods of Chihong Zn & Ge were offered at RMB 14,000/mt, flat with the most active SHFE lead prices, but barely traded on Monday. Yuguang resources were sold at RMB 13,980/mt, while Nanfang and Chengyuan were offered at a discount of RMB 30-40/mt over SHFE 1312 lead contract prices and traded between RMB 13,950-13,970/mt. Humon was traded at RMB 13,940/mt. Spot lead prices failed to rise further and fluctuated narrowly. At present, most industrial participants expect lead prices will keep consolidating. Cargo holders moved goods as usual, while downstream producers purchased on an as-needed basis, leaving transactions light. Spot lead prices in Shanghai were basically in line with those in Guangdong and Henan provinces on Monday.