#1 Lead Price Movement in Shanghai Market (2013-11-25)

SHANGHAI, Nov. 25 (SMM) – In Shanghai spot lead market, traded price was restrained by limited gains by SHFE lead price on Monday. Resources of Chihong Zn & Ge were offered at RMB 13,910/mt, but traded at RMB 13,900/mt, a discount of RMB 70/mt over the most active SHFE lead price. Nanfang and Chengyuan goods were quoted flat with SHFE 1312 lead price and sold at a range of RMB 13,890-13,900/mt. Humon was traded between RMB 13,850-13,860/mt. Lead smelters moved goods at firm prices, while downstream producers were immersed in a wait-and-see mode, leaving trading volume fairly light on Monday.