#1 Lead Price Movement in Shanghai Market (2013-11-29)

SHANGHAI, Nov. 29 (SMM) – In China’s spot lead market, traded price was virtually flat with Thursday’s level on Friday. Resources of Chihong Zn & Ge were traded at RMB 13,850/mt, a discount of RMB 70/mt over the most active SHFE 1401 lead contract price. Chengyuan and Nanfang were quoted at a discount of RMB 10/mt over SHFE 1312 lead contract price and traded at RMB 13,830/mt. Torch brand goods increased to some extent and were quoted at a discount of RMB 70/mt over SHFE 1401 lead contract price, while Humon was sold at RMB 13,810/mt. In the last trading day of November, spot lead market was lackluster and downstream purchase was fairly light on Friday.