#1 Lead Price Movement in Shanghai Market (2013-12-2)

Price Review & Forecast 02:40:41PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – In China’s spot lead market, goods of Chihong Zn & Ge were traded between RMB 13,870-13,880/mt, a discount of RMB 30/mt over the most active SHFE lead prices on Monday. Nanfang, Chengyuan and Tongguan resources were sold in a range of RMB 13,830-13,840/mt, while Humon was traded at RMB 13,810/mt. Transactions picked up a bit since tight cash flows eased slightly early December. Downstream producers, however, continued to purchase on an as-needed basis on a view that spot lead prices are unlikely to rise. 

 
Key Words:  spot lead prices  

#1 Lead Price Movement in Shanghai Market (2013-12-2)

Price Review & Forecast 02:40:41PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – In China’s spot lead market, goods of Chihong Zn & Ge were traded between RMB 13,870-13,880/mt, a discount of RMB 30/mt over the most active SHFE lead prices on Monday. Nanfang, Chengyuan and Tongguan resources were sold in a range of RMB 13,830-13,840/mt, while Humon was traded at RMB 13,810/mt. Transactions picked up a bit since tight cash flows eased slightly early December. Downstream producers, however, continued to purchase on an as-needed basis on a view that spot lead prices are unlikely to rise. 

 
Key Words:  spot lead prices