#1 Lead Price Movement in Shanghai Market (2013-11-22)

SHANGHAI, Nov. 22 (SMM) – In China’s spot lead market, resources of Chihong Zn & Ge were offered at RMB 13,910/mt, but traded at RMB 13,880/mt, a discount of roughly RMB 70/mt over the most active SHFE lead price on Friday. Chengyuan and Nanfang were offered in a range of RMB 13,860-13,880/mt, flat with SHFE 1312 lead price. Most trades stayed on the sidelines in a wait-and-see attitude towards such prices. Humon was traded at RMB 13,850/mt. Supply of branded lead at low prices put much pressure on other low-priced lead, leaving transactions fairly light on Friday.